Sun, Sep 21, 2014, 8:50 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Enzon Pharmaceuticals Inc. Message Board

  • pjmyers_tsi pjmyers_tsi Apr 24, 2013 12:51 PM Flag

    Email I just sent to IR, will re-post if they answer

    Dear IR,

    I am a longer-term ENZN stockholder now trying to understand the meaning of yesterday’s announcement, in terms of a stream of likely future dividend payments – ie. how much and when.

    Reviewing the company financials, there is one thing I do not understand (because, alas, I am no accountant). I see there is ~ 200m in cash and similar assets. There is also mention of ~ 116m in “convertible 4% notes”. Are the latter a liability? If so that might mean that NET assets are only roughly 200 – 116 = 84m. If so, then the announced 70m special dividend payment would leave only 14m for company purposes. Have I understood this aright?

    The other matter for which I need clarification is: how many years of revenues at almost $1 per share (ie 41.5m of revenue and about 44m shares) can we expect?

    I am totally at a loss as to why the stock (ENZN) has FALLEN to about 3.40 (it opened today at 4.01).

    Upon reviewing this email, it may come across as confused: again, I am just trying to understand the stream of payments a stockholder can reasonably expect in future, and hence the value of a unit of ENZN. It seems one should be able to calculate it fairly precisely in your present circumstances. The stock seems a screaming buy at 3.40, but I want to make sure I have not misunderstood something major!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
ENZN
1.08-0.18(-14.29%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.