royalties are paid on trailing earnings and accrue to late 2014. As I have mentioned before - Elan has a contact with PDLI and is paying on Tysabri. They make Bapineuzumab - ends in zumab and by itself could double the income by 2011-12
2014 is not quickly coming. This is mid 2009. That is 5 years away. The companies will pay or risk a huge lawsuit. The companies are not planning not to pay, that would stricktly against the law and is called conspiracy.
h_free..., I am asking the same question. michaelmcmx gave a god reply, but I'm not buying that explanation hook, line and sinker. If the price had run up to $11.00 - $12.00 and then drew back $0.50, I could accept that. But that's not what's going on here today. I am usually the first one to blow off the theories of a grand scheme or master plot or other sorts of conspiracy nonsense. Maybe it is just a quirk or the MM is going through PMS or had a bad night at the track. Could be the Board of Dir. holding the price down to shake the trees and scare off as much as possible before a split announcement or BIG dividend. Now I like that.
Right you are. I think that the run-up to the earnings annoucement was trader driven and then they sold today. Sell on the news. That fat dividend(s) is coming unless the world ends. Seems like no-brainer Buy baby buy.