While many stocks trade at a multiple of 10X book value, this stock is now getting real close to both book value and cash per share value and there is no debt in the company.
Talk about a steal. This stock has been a steal for a few days and the lower it goes the better it gets. I loved the panic over the news of ONE drug lol I had no choice but to take advantage of that one because it was common sense to buy and hope to have opportunity to average down if market conditions deteriorate this summer.
JMO other than the financial facts which everyone can see on yahoo.
Could you please explain why you think this stock is a steal at this price, for reason other than the cash it holds. For now its a one trick pony with no other drug in play for years and no prospect of EMA sales for Dacogen. Why do you think its a steal. To me its a steal if large stockholders force them to disolve the company
The stock is cheap because some are concerned about the burn rate in the event that they pursue a host of R & D products. Also, the CEO is overcompensated. They need to make a move that's shareholder friendly. Otherwise, the main institutional holders should put the Company up for sale.