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Elan Corporation, plc Message Board

  • acricketeer acricketeer Mar 21, 2002 8:20 AM Flag

    Watch ELN/DMI Partnership

    They own one company jointly and have other joint ventures as well. DMI was the largest gainer on AMEX yesterday.
    The fact that ELN structured so many of their partnerships with small US biotech cos., as joint ventures was well known all along. ELN simply paid the price of Enronitis as some journalists at the WSJ coordinated a short attack in a fertile environment for fearmongers. The bond rating agencies piled on to scare institutional investors and tried to hurt their business. Conspiracy theories aside, ELN didn't get a fair shake. Every deal was disclosed in their Fed Filings, all along.

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    • Then why does management not fight back? They are(were) working for us, and we have been pummeled. They need to at least say something, anything. I'm being serious here, not short bashing, I just want plausible reasons why they don't do something.

      Looking for a good spot to potentially get back in.



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