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Genomic Health Inc. Message Board

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  • mdwhittier mdwhittier Nov 29, 2012 11:20 AM Flag

    Illumina getting ready to buy Genomic Health

    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

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    • 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
27.03-0.05(-0.18%)Aug 3 4:00 PMEDT