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OraSure Technologies, Inc. Message Board

  • gben1938 gben1938 Mar 18, 2013 10:25 AM Flag

    Orasure's fall from grace

    By Jake King
    As investors packed up in search of more exciting prospects, shares of OraSure Technologies (OSUR) have been slashed in half since their highs in mid-2012, in fact, setting a new 52-week low this month. OraSure received approval for the first in-home HIV diagnostic last June (called OraQuick In-Home HIV), a product that Magic Johnson called a game-changer and one that biotech enthusiasts, in the preceding months, latched on to with fervor. But OraSure, with the approval and commercial launch in the rear-view, has quickly become an execution-centric "show me" story without regulatory or clinical catalysts to keep speculative biotech investors intrigued. OSUR now trades at 3.36x estimated 2013 revenues, and even if the business shows no growth this year -- unlikely given that OraQuick In-Home HIV launched just six months ago -- the stock is undervalued. Expectations have been falling as the newly launched product just didn't take off as quickly as hoped. Now, management has guided for 1Q13 revenues to fall sequentially from 4Q12 by 10%, to ~$20M, which, if the company has guided low enough, may be setting OSUR up for an earnings beat in the first quarter

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    • management has guided for 1Q13 revenues to fall sequentially from 4Q12 by 10%

      well, at least we know they will receive 100% of their "performance" bonus yet again.

      Time to hire Charlie Sheen as the spokesperson?

      Sad to think Dougie will waste the $70-million raised on Magic Johnson and TV ads that imo are boring. Wish the CDC would get more involved and routine HIV testing guidelines kick-in.

      Disclaimer: no position, just watching. good luck all

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