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Spectrum Pharmaceuticals, Inc. Message Board

  • hillel_ben_shahar hillel_ben_shahar Mar 13, 2013 11:02 AM Flag

    SPPI is still cheap, absurdly ?

    If the company will sell 160-180 M$ (we can't really believe them right now, so lets pretend) in 2013, considering they can keep this sales rate, Net income could be around 80 M$. A small biotech as spectrum which is profitable should be traded over PE between 20-30, if not 40. If is 20 (conservatively), it should be traded around 16$. There's only the trust problem which is sever. So with trust discount, it should be valued at about 11-14$...

    Sentiment: Hold

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