Thinking of buying in with 75K shares b4 earnings...don't have time to do a lot of DD...what are the reasons for owning this stock?
It seems like it came down to this level on little reason. I am a cautious buyer looking for $3 to $4.
Management is changing model from molecular discovery to practical application.
The company has spent 900 million in discovery with a market cap of 150 million.
Reminds me of mining for gold lots of money up front with no gold for a long time.
I think it is worth much more than 150 million to someone. I don't think it's worth 900 million.
thanks for your input...very informative.
Great reply! Only thing I'd add\differ on is the $900M comment. Eriv sales continue to grow, 3 drugs in pipeline show good results, and the Eriv in the IPF trial shows results I believe the $900M will easily get hit.
Sentiment: Strong Buy