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Zalicus Inc. Message Board

  • bigbro79 bigbro79 Mar 7, 2013 12:28 PM Flag

    Why Zalicus Stock Intrigues - by Jason Napodano

    This is my first post !! Am following ZLCS for a long time. Today re-entered for a long term. Good potential..

    There is a report by Jason Napodano which is tweeted. Yahoo is not allowing me to post the link. Report sounds very positive.

    All the best to everyone !!

    Sentiment: Strong Buy

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    • For the valuation of Zalicus, is the target price $1 too low?


      Sentiment: Strong Buy

      • 2 Replies to wildbullus
      • Some analysts have ZLCS target price over $3 but some are more conservative. Here is more of the Napondano post.

        The valuation of Zalicus remains attractive in my view. As noted above, the market capitalization of $82 million is less than 5X above my projected 2013 sales figure - a fair multiple for a growing biotech company, and I note that 45% of the market value is supported by the current cash balance of $36.5 million. On a net enterprise value, the market is only assigning $45.5 million to the company's growing royalty revenues on Exalgo and collaborative revenues on both its cHTS technology and ion channel discovery platform, and the company's two phase 2 candidates in Z160 and Z944.

      • Napondano has a conservative approach to valuating stocks which is positive because if you under estimate than you look good every time.

    • The Napodano post increases his target from .72 to 1.00 which he will raise again later in the year, he says.

      here is part of the post:
      For 2013, management is guiding for further increases, with a goal of signing one major partnership for early-stage discovery work in 2013. I am pleased to see the company taking advantage of its technology by forming research and discovery collaborations.
      For 2013, I model total revenues of approximately $17.0 million, comprised of $7.0 million in royalties on Exalgo and $10.0 million in collaborative payments that utilize the company's vast cHTS platform and ion channel discover engine. I think the potential for Zalicus to strike additional alliances and collaborations is highly discounted by investors.
      Here's an interesting way to view Zalicus' valuation - the current market capitalization of $82 million is less than 5X my projected 2013 revenues of $17.0 million, and the company is sitting on $36.5 million in cash and investments.

    • Thanks for the info. A good report by Napodano.

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