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Biogen Inc. Message Board

  • madashell82003 madashell82003 Oct 24, 2002 1:44 PM Flag

    Netcomhawk- Bristol Myer NEWS


    This is one of the scheme that the book by Arthur Levitt mentioned. The SEC is really into this scheme and will cost some company dearly.

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    • Corcchess,

      Since you are such an authority on IDPH. You mentioned,

      �Given that IDPH is projecting using much of that cash for future investments into their new manufacturing facility, this makes perfect sense.�

      And according to the 10K report, indeed they are building a $400 Million facility. Do you know what are they going to do with that facility. Is it too early in the game (to be building a $400 Million manufacturing facility) since all their pipeline products are in Clinical 1 and 2?. Looks like the chance of getting one of those products to get approval is 50%. If none of the product pass, what are they going to do with that facility.? It will be sitting like a white elephant with investor�s money stuck in the mud.

    • You are a fucking asshole. You hype IDEC relentlessly to others. You have too much time like me. But I am a retired mechanic and you are a PHD who manages many other PHDs at a large company. That is the difference between a real guy and a big hypocrite. You are an absolute snob.

    • Oh, they do not. Check what the IDPH stock price was when those options were granted. I was a shareholder then, and a shareholder now. No options, just an appreciation for the shareholder value that has been built over the last eight years.

      I am just someone who is sick and tired of the relentless bashing of a fundamentally good company by folks who mostly don't know what the hell they are talking about.

      However, I'll get over it, because what matters is the company performance, and that is consistently what has steamrollered the shorts over the years.

    • You sound like a guy in IDEC PR Department. You have lots of stock options, don't you? IDEC spends about 50% of their net income to feed the fat CEO, CFO, and others, every year.

    • What is your point? How can it possibly be a negative if a company takes cash they are not going to need for a year or two and puts it into an instrument with a yield that is higher than one gets from cash and short-term equivalents? Given that IDPH is projecting using much of that cash for future investments into their new manufacturing facility, this makes perfect sense.

      So even if your cash flow number turns out to be correct, it is irrelevant to an understanding of the company. Investing $100M in a 2-year bond is far different than squandering it on the acquisition of a company of no value.

      I don't get the point you are trying to make. This is a solid company, generating excess cash from operations, however you slice it.

    • corrchess_IM

      I still stand by my cash flow loss of
      $101.1 Million. I at least showed my
      math on it.
      Please back up your statement of
      "Your cash flow estimate is way off."

      If I have $200 in the bank, and go out
      and buy $100 of Savings bonds or a Long
      Term Bond, did my cash not go DOWN by

      Remember, they got that $100 Million to
      buy that Long Term Investment by selling
      a convertible bond in thier own company.

      Does that sound like a company is bullish
      on itself?

    • That's what the COMPANY needs to do.
      Put out an unaudited income statement,
      balance sheet, and cash flow statement
      with their "earnings" announcement.

      I asked for any links in msg 14476

      Perhaps Idec's Investors Resources would like
      to put that PR out.

      Nah.. they are to busy send PR's to Reuters,
      Marketwatch, and about "earnings"
      and future "could" "earnings".
      Unless they sent those financial statements,
      to select mutual funds, and "analysts" those
      statements. Which would be a violation of
      Regulation FD.

    • Proverbs 1:19-22 (King James)

      19. So are the ways of every one that is greedy of gain; which taketh away the life of the owners thereof.
      20. Wisdom crieth without; she utters her voice in the streets;
      21. She crieth in the chief place of concourse, in the openings of the gates; in the city she uttereth her words, saying,
      22. How long, ye simple ones, will ye love simplicity? and the scorners delight in their scorning, and fools hate knowledge?

      Ecclesiastes 1:9

      The thing that hath been, it is that which shall be; and that which is done is that which shall be done; and there is no new thing under the sun.

    • "the long term investments". What a familiar expression! If you are a real longterm investor, leave this board. Everyone is interested in everday stock price movement. Go to hell, a big liar and hypocrite.

    • The difference is in the long term investments.

      Your cash flow estimate is way off.

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