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Ladenburg Thalmann Financial Services Inc. Message Board

  • investora2z investora2z Oct 5, 2013 12:38 PM Flag

    A bit sluggish recently

    The stock has been a bit sluggish recently. It has corrected about 15% from the 52 week high of $2.02 made in July, and seems to be waiting for cues to make a bigger move. Despite the correction, it has done well by appreciating around 36% on a 52 week basis. There have been some small purchases by insiders, and that could become a clue if the sizes of the purchases increase. Further, the volumes need to be watched to notice any change in sentiments. The company is very close to making a turnaround, and the market may begin to factor that possibility if the next earnings report is good. The current price to sales ratio does not factor the possibility of a turnaround. Revenue growth has never been a problem for the company, and the rise over the last few years has been exponential. The problem is the bottom-line, which has largely remained negative, and the accumulated deficit is huge. Revenues in 2012 were $650 million and the company seems to be on course to posting good topline growth again. The ttm revenues are $684 million, and the net loss is around $15 million. In 2012, the net loss was around $16 million. So the performance in the next few quarters will be critical in determining whether the recent improvements are due to sustainable improvements in efficiencies. The backing of Dr. Phillip Frost is surely a sign that he is confident about the future prospects. His success stories in other sectors (pharmaceuticals and biotechnology) are well known, and recently he has begun to eye other sectors also. Biozone Pharmaceuticals (BZNE) is one story which has great potential. The Q3 earnings could be the next trigger, and hopefully the company will deliver a good set of numbers so that the uptrend resumes.

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