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Biogen Inc. Message Board

  • longinsm2 longinsm2 May 21, 2011 1:11 PM Flag

    OT - Only seven trading days now remaining ...

    Further to the recent heads-up regarding likely inclusion in the Russell 3000 -

    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_B/threadview?m=tm&bn=9159&tid=56696&mid=56696&tof=14&frt=2


    Market cap appreciation concurrent with the 2009 inclusion (high of day) -

    June 19 ... $324,277,460 (peak capitalization attained)
    June 12 ... $272,544,480
    June 05 ... $240,999,980

    May 29 ... $223,335,060 (data capture point for the reconstitution)
    May 22 ... $211,979,040
    May 15 ... $172,863,860
    May 08 ... $189,267,000
    May 01 ... $189,267,000
    Apr 24 ... $161,507,840
    Apr 17 ... $151,413,600
    Apr 09 ... $119,869,100
    Apr 03 ... $117,345,540


    Market cap appreciation since mid-March (end of day) -

    May 20 ... $224,696,320
    May 13 ... $206,571,640
    May 06 ... $203,343,960
    Apr 29 ... $216,254,690
    Apr 21 ... $238,103,610
    Apr 15 ... $217,247,820
    Apr 08 ... $190,681,520
    Apr 01 ... $180,750,190
    Mar 25 ... $153,687,310
    Mar 18 ... $116,444,830


    Unless a large proportion of the last-reported 200,000 share Short position is covered during the next seven trading days it seems unlikely that the value of the free float on May 31 will be sufficiently high to generate a level of accumulation this year approaching that seen in 2009. Due to the proportion of currently-restricted shares held by the VC shareholders the market cap, at a rough guess, would need to increase by at least $100,000,000 by May 31 to generate a similar level of accumulation.

    But given the number of restricted shares, and the reasons to take a medium/long term view of the investment, it may be far more difficult this year for the buyers for the funds to acquire shares. Barring catastrophes they will have eighteen trading days in June to accumulate the shares they do need, and the high-profile presentation scheduled for Day 8 seems to have the potential to generate extra competition for the available shares -

    http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_I/threadview?bn=9585&tid=586821&mid=586894

 
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