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Urologix, Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Jul 10, 2013 12:11 PM Flag

    CEO buys shares

    Fluet purchased 66,400 shares since Friday at prices ranging from 17 cents to 21 cents.

    Things are not fabulous with the company, however, much of the near-term uncertainty regarding surviving has now been removed.

    1. Having the financials squared away with Medtronic and a very attractive financing arrangement for payoff of what's owed is extremely positive. The bulk of the payments do not begin until 2015.

    2. Current year guidance was reaffirmed.

    3. I seriously doubt that Fluet would have purchased any shares at this time if something unexpected were on the near-term horizon or he didn't believe the shares were significantly undervalued.

    Hey, I make no arguments that the company is not in good shape right now. However, having the Medtronic issue resolved, good/growing sales coming from the product, a well-structured plan for moving forward, in addition to the CEO purchases make the shares a worthwhile investment at this time.

    Pull a couple thousand dollars out of your pocket, buy 10,000 shares today at 25 cents or less and in 6 months they'll be worth 50 cents.

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    • Very good product, but time came and went for oppty to grab market share several years ago as meds were being pushed hard for BPH.. Management didnt see that MEDS were the real competition and didnt understand that getting the refering Dr"s for Urologists on board was the KEY to it all.. Day late and millions of dollars short... too late to try and steal share at this point

    • So did I. Good to see you here. I hope to add a lot more.

      • 1 Reply to who_gnu_1235
      • There was another insider purchase posted yesterday - so I bought more shares this morning.

        Seems to me that the latest drop in price was simply tied to moving to OTC and people just tossing their shares. That was before the Medtronic announcement. So, I think that a move back to 40 cents within the next 4 to 6 weeks is a high probability.

        Company is better off than a month ago with Medtronic issue out of the way and market hasn't given any points for it yet. Then we have these insider purchases to top it off.

        Did you also see the Perkins 13D filing from yesterday? They own 30% of the shares.

        I think there's some easy money for us here.

        I'll be looking for more shares as well.

        Today is 7-11 - head to your local shop sometime today and get your free Slurpee.

        ===

        7-Eleven expects to give away roughly 7 million Slurpees on Thursday, July 11, 2013, up from around 4.5 million free Slurpees in 2011. Slurpee sales, meanwhile, may rise as much as 40% on Free Slurpee Day.

 
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