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ImmunoGen, Inc. Message Board

  • rcarstens rcarstens Jan 28, 2014 5:37 PM Flag

    I bought in the 90's

    Stock was purchased at $1 to 1.25. I have been very satisfied . I just bought more on the last dip. Hopefully a buyout in the 30's

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    • I bought this stock shortly out of college. Now I'm taking an early retirement but it would be nice if I could get a big payoff from imgn after all these years. I bought in the early 90s... 3 platform technologies ago. Not sure what kept me here but luckily made some money elsewhere.

      Sentiment: Buy

      • 1 Reply to pickandpray
      • There are many like you who are tired of waiting for a return. I have been following and periodically trading IMGN since the early 1990's and a steady owner the past 3-4 years. A few execs and traders are the only ones getting rich. My position is the lowest it's been in the past few years and likely to continue declining as long as Junius is CEO. He is in way over his head, not the right leader for a company like IMGN.

        IMGN needs a leader with successful drug development leadership experience or turnaround experience, or both. A Tony Coles from ONXX, or even BOD member Howard Pien. It looks like they might finally have something with 289, but we will probably have to suffer through some additional failures, more dilution and a few year more of lavish exec option gifts to get to the good stuff.

        There are better options for shareholders/value 1) Sell the company to the highest bidder os 2) Change the model to R&D and partner. Then, slim down, get rid of everyone not involved in R&D, early development and keep one BD person, they don't need 3-4. Get rid of Junius, hire a Controller and stop hiring expensive CFO's. Get rid of O'Leary and all of the people who don't successfully develop drugs past phase I. Return the excess cash to the shareholders. Spin off the new technology into a partially owned new company if they don't have the resources, or time to develop it.

11.17+0.39(+3.62%)Sep 29 4:00 PMEDT

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