Must add that credibility is something lacking in most companies until some crroks go to jail for outright theft. A bankrobber get the death needle for stealing a few hundred bucks. Can't we have a commensurate punishment for the billions bilked from so many trusting investors?
operating cash flow multiples.
after factoring drug delivery sale, subtracting number 1 drug (zanaflex generic competition), add some increase from new drug launches and one can come to 150-200 million operating cash flow (estimate in february was over 300 million).
then a low multiple on operating cash flow gets you around 10.
note: they still have a lot of liabilities, their pipeline is too big for operating cash flow, and they have zero credibility.
A disagreement about price -- this is what the stock market is. There are any number of posts here articulating a valuation. Or, read an analyst's report. There's a though.
Don't listen to the people here -- do your own research. You will be better off.
If you look at the day's chart, the stock took a dump right after the delay announcement for the AGM. Just uninformed fear selling and MM walking down the price IMHO. That coupled with day traders/shorts causing this dip. Think it is healthy though to drop a bit and retest/fill gaps. Would be buying here if I had any free cash to do so. May sell some WDC and take profits and roll into here.
Good luck to all...
You write:, "but i still think this is a 10 dollar stock by december".
What is the basis for your conclusion? The market seems to disagree with your assessment at this time. Granted it's been at a lot loftier price level. But then again, so was WCOM, ENE, LU, GE, ad infinitim. Any reasoning behind your statement?