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Dyax Corp. (DYAX) Message Board

  • billa_from_sf billa_from_sf Jan 24, 2013 3:06 PM Flag

    Mention of a capital raise reflects either ignorance or an effort to steal your shares.

    From DYAX's 10-Q dated 10/29/12:

    "Our financial guidance is that we expect to be at cash-flow breakeven during 2013."

    If you haven't read it, please do.

    They have $30 million in cash, and $78 million in debt.

    Revenue from their LFRP covers 100% of the payments on their debt.

    If you don't know what LFRP means, go to their web site and read about it.

    Sentiment: Strong Buy

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    • Yeah, I know cash flow positive projections and debt is non-recourse.

      Just that if I were on the board, I would advise that they raise capital. Sure, they will be cash flow positive in 2013, but $30m isn't much room for comfort, and currently easy for biotechs to raise capital.

      As the old saying goes, "When they pass around the food, it's time to eat"

      BTW- I bought a bunch of shares today - I think company is a steal at these levels

 
DYAX
38.410.00(0.00%)Jan 21 4:00 PMEST