Earnings maybe next Monday. Do you really want to be buying, knowing the numbers are going to look bad? I suspect that this trades down under $5 by Monday. The company has rolled out numerous pumps to keep investors interested long term. But with evidence that the burn is now official, this was a poor move by management to soften the impact of seeing maybe a $50M hit to the earnings next year.
I suggest that investors do some DD before trying to time this. Maybe the street ignores the burn, but then again, usually they take it seriously. Some longs here want you to not understand the situation.
Are these facts incorrect? Any pumpettee want to take a shot at the impact of Dacogen generic and explain why this will not be a bad thing. Maybe they want to ignore the realities, what's worse they want all investors to ignore it.
I'll take a shot. The effects of generic Dacogen were baked into this years guidance, In fact they revised their guidance at least once and lowered it. While you are quite right the burn will increase and the revenue from Dacogen will decrease you give no credence to the fact they may receive additional milestone and partner S110 and other compounds during the next 12 months. Neither do you give credence to the fact this company could be bought at a substantial premium.
You accuse the pumpettes of beating the drums for Astex while you take the most negative view possible of their pipeline and future prospects. And you do it dishonestly stating ridiculous things like they are expanding clinical trials because a product is failing or complaining something is wrong with LEE -011 because a trial may have started late while the sponsor is in fact expanding the clinical trial program
Listen you are entitled to your opinion and the Pumpettes are enttled to theirs but try to be honest about it if thats possible and if you call people names expect them to retaliate in kind
Don't think the stock will be 5 dollars on Monday,