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Elite Pharmaceuticals, Inc. Message Board

  • no_blinders no_blinders Sep 20, 2013 5:13 PM Flag

    Why I’m adding more on dips.

    Now that ELTP is on the radar expect a few upgrades expect a few upgrades, and here is WHY (IMHO):
    1. New products on line new revenue will reduce, recouping costs at a greater pace.

    2. At $0.16 current PE is 15.0 while S&P 500 is at 17.5.
    a. This translates to $0.19 short-term target.

    3. S&P’s revised 12 month Profit Margin is now +43.8% S&P 500’s is +7.09%
    a. This translates to $0.90 near term price target (IMHO by next quarter)

    4. ELTP’s peers:
    a. BPTH with no PE, no Profit Margin closed at $0.77
    b. OCRX with no PE, no Profit Margin closed at $8.71
    c. ORMP with no PE, no Profit Margin closed at $6.53
    d. TSPT with no PE, -125.2% Profit Margin closed at $3.74
    5. Where do you think ELTP’s price will close EOM or after next quarter’s results.

    As the numbers show I’m betting we'll see over $0.77 soon - plus $8.71 is out there too (that’s wish full thinking). I’m adding to dips.
    Good luck longs

    Sentiment: Strong Buy

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