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Affymax, Inc. Message Board

  • nhood310 nhood310 Mar 19, 2013 9:13 PM Flag

    Strategy

    Both Longs and Shorts should follow the path of ELN (aka Elan). They laid off employees and restructured before getting the drug back to market. However, they had a much better cash position than AFFY. It is unclear what will happen here.

    Sentiment: Hold

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    • If I was a conspiracy theory believer I would say the CEO is a saboteur: The bashers could not have written a worse PR: Limited resources, BK possibility! Most companies dodge the BK mention as long as possible(GM, Kodak, etc.) and usually posit a huge staff reduction in the best possible light.

      The silver lining is that the wolves of Wall Street don't care about fundamentals and they will soon have a shorts weenie roast. In fact, some savvy hedge funds will actually make money BOTH WAYS.

    • problem is they stated BK, so that could actually happen at any moment. Lawsuits from patients and share holders and who knows IF they find the problem/cause of deaths and When.

      this is a huge gamble imho

 
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