Sat, Jan 24, 2015, 11:47 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

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

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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

15.51-0.10(-0.64%)Jan 23 3:59 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.