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Impax Laboratories Inc. Message Board

  • peron4909 peron4909 Jan 22, 2013 2:21 PM Flag

    Long turned Short

    I just got wacked bc of this crl. I knew about the hayword plant before the fda decision. However, have not been aware that the issues arose in 2010. Management is utterly, stupendously lazy. It is truly apparent this management does not have the tools to fix a plant that is pivitol in their day to day business. I thought to myself, if they aren't going to fic this plant in 2 years and are willing to lose generic adderoll revenue, and jeopardize rytary (which they did) why would they fix things now? Also, I saw the insider sales at $19 to 22 but I didn't feel it was important. It was! I feel this can unwind to 15s. Why? because they have earnings on feb 25th, tand the forecasted in october 3rd quarter earnings report that 4th quarter revenues would be horrendous, expected to decrease 15-20% from the third quarter to to increased competition and decreasing margins. That awful report is the only catalyst IPXL longs have to look fwd to. good luck

    Sentiment: Strong Sell

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