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Akorn, Inc. Message Board

  • prudent.investor prudent.investor Sep 6, 2013 9:57 AM Flag

    This stock is due for a major correction!

    This company is spending huge amount of money that it does not have for an extremely risky acquisition for a company that has negative growth and earnings. This stock is due for a major crash to account for the high risk acquisition that will incur huge debts to the company and drag down the entire company eventually.

    Sentiment: Strong Sell

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    • henrypetan Sep 11, 2013 7:31 AM Flag

      good to see the spirted banter....akrx will move subject a bit look at ticker igt...(due dil of course)still picking up some acet it too has more to run....good hank

    • They are buying the future with HITK, not the past. - MERK

      • 2 Replies to merklekranz
      • Just in case you did not pay attention. HITK reported both revenues and earnings declined year over year, and they missed estimates big time. Like I said this company is buying a loser with no future. That was why HITK insiders wanted to CASH OUT. I bet you HITK insiders knew how bad HITK is better than the management of this company.

        Sentiment: Strong Sell

      • HITK has no future, and that was why HITK wanted to sell. This company does NOT really have the cash to buy HITK. This company is borrowing heavy debts (on top of its already very heavy debts) to buy a loser. It makes investing in this stock very, very risky. This company should have used stocks to purchase because this stock is already very overpriced with very high PE. The management should either use stocks to buy or does a secondary to raise money first to take advantage of the overpriced stock and lower the debt level before getting into raising interest rate era post QE. If the deal closes, this company may eventually be dragged down by the heavy debts when interest rates get higher and higher in the next few years. The stock is already very expensive in any measure, and the risk here is extremely high.

        Sentiment: Strong Sell

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