When we have divurgences from the market like we did today, that's when I like to buy. There was no reason for our stock to have lost $0.07 today. We have very low risk, and high likelihood of FDA approval for PA come time, if they adhere to the schedule, December. Meanwhile, the fair value of our stock is $11.00 a share. With the added likelihood of cash dividends as cash accumulates, this has defensive characteristics as well. I added more shares today, just like I did at 7.40 on the day earnings were announced. Two days later we had a +9% day in the stock. We have digested that gain now I believe, and will shortly resume the climb back to fair value. Good luck longs!
Now today was a very strong market day and while we opened strong at 8.01 we closed flat and HZNP closed down a nickel. I just don't understand how this stock trades, I would have thought there would be some rebound today. Doesn't seem people here much care to comment.
Executives are selling. BARNHARDT, JOHN E (VP, Finance and Administration) sold 18k shares (reported yesterday), PLACHETKA, JOHN (President, CEO and Chairman Director) sold 150k shares in last 30 days. No way stock can go up until they are done selling.