SVNT isn't in the Bus to Run the Co Into the Ground - Just to Sell out on the Cheap and Get Out!
I don't think the Savient Co founding fathers, current Owners & Medical Principals behind the science want to sell and get out of a business they've succeeded at for over 15 years. This message board has talked a lot about a potential 'buyout', or selling the Co because it’s feared to be on the edge. However, if you think about it, this co has a rich history founded by a group of serious entrepreneurs joined with scientists interested in and experienced coming up with serious innovative medical breakthroughs for worldwide markets. Why do msg bd traders & short term investors think current Savient Execs would even want to or get away with running the Co into the ground just to sell it and get out?!?!?!? Has anyone here really thought that over???? Savient isn't going anywhere.
On the other hand, it seems prudent we long term shareholders continue to keep a cautious eye out for any potential trouble in the ranks and prepare ourselves to ACT on it expeditiously if need be.
KG2931 (Long n Strong 20K Shrs SVNT(BTGC) @ $4.64 since 4/11/1997)