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Genomic Health Inc. Message Board

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  • sixftleprechaun sixftleprechaun Nov 28, 2012 3:59 PM Flag

    Illumina getting ready to buy Genomic Health

    No, because I work in the biocluster area of SD and eat lunch at a popular eatery frequented by the brass.You dont have to believe it, I surely wouldnt bet the farm,but it makes sense.I wasnt all that familiar with Genomic before.

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    • A bid for GHDX will eventually materialize, from the U.S. or overseas, which is why the stock seems to have a floor under it in the $25-27 range, where the Baker Bros. initiated recent buying after the post-election downdraft.

      Essentially, you are saying you overheard speculative conversation in a restaurant, and probably not bonafide discussions related to M&A activity by ILMN brass. That speculation may become reality. After all, GHDX has a war chest of cash ($120m) and no debt. Drivers for growth/revenue in 2013 with Onco Dx for prostate, which will be huge.

      Sentiment: Buy

      • 1 Reply to mdwhittier
      • What restaurant ? - ) I live in San Diego ....
        The "new floor" replaced the "old floor of 6 months" when the boys realized they can buy now and dump those $32 shares .. about 41% of the company. I will take 51 but not ILMN shares , but none of will have a say.The Baker bros command a good price for their investments and control the vote.
        Good Luck

 
GHDX
27.08+0.74(+2.81%)Jul 31 4:00 PMEDT