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Elan Corporation, plc Message Board

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  • beachbarbob beachbarbob Dec 1, 2004 3:00 PM Flag

    I don't understand it?

    @$30, ELN will need $1.5B in total T sales to justify that market cap,,, 391M shares outstanding plus a $460M convertable FY06 call option bond that converts into another 62M shares and you have a Market CAP in the neighborhood of $14B. so its dead money for the next 6 months as the street sees the ramp numbers for T - Q2, FY05.

 

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