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Elan Corporation, plc Message Board

  • doctor_ali_bourguiba doctor_ali_bourguiba Jul 18, 2002 2:12 PM Flag

    If the company is going off the map,

    -why did Armen and associates buy over 4 million worth of stock this year (150,000 shares for Armen himself at 13),

    -why do they have over 100 job openings on their help-wanted board,

    -why do Fidelity Investments and Franklin Investments appear to be holding most of their shares( Fidelity apparently own 4.3% of the shares)?

    -why can I still get all of their drugs at my local pharmacy (most continue to sell well)?

    -why have one one of their over 40 trials (4 in phase 3) been cancelled due to lack of future or lack of funds?

    -why is their talk of a takeover at a much higher price if the company has no value?

    -why have several large important players apparently been accumulating the stock between $2 and 2.60?

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    • -why did Armen and associates buy over 4 million worth of stock this year (150,000 shares for Armen himself at 13),

      -why do they have over 100 job openings on their help-wanted board,

      -why do Fidelity Investments and Franklin Investments appear to be holding most of their shares( Fidelity apparently own 4.3% of the shares)?

      -why can I still get all of their drugs at my local pharmacy (most continue to sell well)?

      -why have one one of their over 40 trials (4 in phase 3) been cancelled due to lack of future or lack of funds?

      -why is their talk of a takeover at a much higher price if the company has no value?

      -why have several large important players apparently been accumulating the stock between $2 and 2.60?

      -why are the most thoughful and knowledgeable (those who spend time explicating Elan's accounting practices, study all their financial documents, perform depth analysis, etc.) believe that the chances a high that Elan will be substantially higher in the future.

      • 3 Replies to janehamber
      • Fidelity owns 15,318,834 shares 4.38%

        Franklin Res owns 21,027,189 shars 6%

        Capital Grp Co owns 34,060,062 shares 9.73%
        (A Holding Co)

      • -why did Armen and associates buy over 4 million worth of stock this year (150,000 shares for Armen himself at 13),:

        Because, like yourself, he thought he was getting a good deal.

        --why do they have over 100 job openings on their help-wanted board,:

        That's easy, all of the good talent is leaving!

        -why do Fidelity Investments and Franklin Investments appear to be holding most of their shares( Fidelity apparently own 4.3% of the shares)?:

        Since when, beginning of the year? F&F dumped with every one else.


        -why can I still get all of their drugs at my local pharmacy (most continue to sell well)?:

        There's no time like the present to sell

        -why have one one of their over 40 trials (4 in phase 3) been cancelled due to lack of future or lack of funds?:

        They have. You haven't heard of them yet because the new CEO is in damage control (he doesn't want to lose his shirt on those $13 shares.)

        -why is their talk of a takeover at a much higher price if the company has no value?:

        To coax suckers from retail to buy as many of the institutions shares possible. All at above double penny digit prices.

        -why have several large important players apparently been accumulating the stock between $2 and 2.60?:

        Who?

        -why are the most thoughful and knowledgeable (those who spend time explicating Elan's accounting practices, study all their financial documents, perform depth analysis, etc.) believe that the chances a high that Elan will be substantially higher in the future:

        Because they're shareholders who don't want to be left holding the bag!

      • post. Thanks Doc.

 

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