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Vertex Pharmaceuticals Incorporated Message Board

  • giguy_1999 giguy_1999 Nov 28, 2012 8:43 AM Flag

    Looks like a good stock to short

    Kind of sad, made alot of money here on the upside, but management is clueless as to how to run a business. This isn't a science lab anymore, it is a business.

    Stock is in free fall.


    Sentiment: Hold

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    • It's a dream short because management refuses to defend the company. Yesterday's presentation was the same exact one given at the CS conference, after which the stock continued its tailspin. All any analyst could walk away with regarding the pipeline is are VX-222, VX 787, VX-661 and VX-509 dead? No mention of any of these. The answer on some is certainly yes; all the money spent on VX-222 has been wasted.
      They have to start giving a sense of where these other programs stand. The strategy of waiting to release data to cover up weak earnings clearly isn't working. At the CS conference the GS analyst asked about the possibility of releasing interim data for 661. It's a legitimate request; the fact that they screwed up the 809 interim data is an embarrassing excuse for not releasing interim data going forward.

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