Sat, Aug 30, 2014, 4:06 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Akorn, Inc. Message Board

  • peter_norths_proctologist peter_norths_proctologist Sep 30, 2011 3:27 PM Flag

    Picture of failed breakout

    They say a picture is worth a thousand words. Well, this one is ugly as sin. Today it's the red hangman, next week they cut the rope.

    http://stockcharts.com/h-sc/ui?s=AKRX&p=D&yr=0&mn=4&dy=0&id=p50122315108

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • As long as the market continues to sell off you may be correct in your price prediction. It won't be for the reasons you believe though.

      The ultimate value of this company will be around 5-6x revenues which is the selling price of profitable, specialty generic makers with a sales force and US production capacity. I believe they will have 250mil plus in sales within a few years.

      You, being a day trader, will be on to other ideas where you can pick a few pennies off the momentum.

      You seem to be somewhat dense and not really worth conversing with so I gotta call an end to my bothering to respond. Like I said before though, my stock as at around $1 and I believe I will get $20+ for it within a few years. I could really give a s--t if it goes to $6.80 because I cannot liquidate every day when the wind changes direction.

      Easy for you though with your 100 shares.

      sayonara penny ante moron.

      • 3 Replies to CVA_43
      • peter_norths_proctologist peter_norths_proctologist Sep 30, 2011 5:21 PM Flag

        "...The ultimate value of this company will be around 5-6x revenues"

        The current annual revenue is around $125 million, as per the latest quarterly report: "The Company projects 2011 revenue in the range of $124 million to $126 million."

        So, using your valuation metric based on projected FY' 11 revenue, we get 5 x 125m = $625 million market cap. Which translates into a stock price of $6.60/share.

        It's amazing that your methodology yields a similar price target as mine, and yet you don't even realize it.

      • peter_norths_proctologist peter_norths_proctologist Sep 30, 2011 4:56 PM Flag

        "..As long as the market continues to sell off you may be correct in your price prediction."

        No back-peddling please. If you recall earlier this week, this stock was tanking while the broad market was going higher. That was the first sign of a problem. What will your excuse be if/when this stock continues to decline to my $6.80 target while the market bounces? You have all weekend to come up with one.

        And no, I'm not a daytradder. I'm not short this stock, but I might be interested in getting in at a fair price.

      • Agreed CVA, but what makes you positive that the company will make so much more in the coming years? I was in at $8.40 a couple of days ago. Should have waited longer.

 
AKRX
39.02+0.24(+0.62%)Aug 29 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.