Meeker knows how to correctly price small, rare disease therapies like K........Once Meeker & Co pull the trigger, this ugly duckling will look beautiful, especially after mgt guides profitablity next yr.....Once this occurs, SVNT will trade for AT LEAST...3-4x sales or at about a......$300 mil mkt cap.........Stick around.
Sentiment: Strong Buy
Why do you think he had not pulled the trigger already? Meeker knows how to correctly price small, rare disease therapies like K. This is why there have already been at least 2 price increases since he joined the BOD last January. Meeker knows that for a drug like K, insurance will pay for only gradual limited price increases.
Back : Let's be real....Meeker was hired because he gives SVNT a level of respectability that SVNT previously lacked and -most importantly-he knows every big pharma ceo in the world on a first name basis from all the conferences he's attended over the years.That said, if Meeker calls you......you will pick up the phone and hear him out......The same IMO could not be assured if he wasn't there. Meeker = Deal. $4-$6/sh is my humble bet sometime before YE.
Sentiment: Strong Buy
I hate this question but I'm going to ask anyway....I bought and sold SRPT four times. If you look at their over the last year and half you can see why. I would've made so much more had I held my orig position. During that time, no one on any board thought it would run to $46 bucks. That was just stupid to think. Now with SVNT, when things turn around, how high could this go in the next year? What's a good exit price?
SVNT has no exit price..it is just a blackhole that is going through a transition from bankruptcy to BK declaration. I would advise you to wait untill 2 qtrs before investing ur hard earned money on this..Investing in STOCK 101: Never invest on a penny stock and only invest that you can afford to lose..Now we are hooked to SVNT becoz when we bought SVNT it wasnt a penny stock.....
Q1 changed everything...No partnership in future, slumping sales, no label expansion and massive debt with dwindling cash...SVNT is doomed to fail if nothing happens in Q2...
And mind you.....we will go to that approximate mkt cap WITHOUT........a buyout. With a buyout or partnership deal we will obviously go up higher..........How much so is the real question..........Why the hell does ARNA have a $1.4+BILLION mkt cap ????