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Sarepta Therapeutics, Inc. Message Board

  • bull_v_bear bull_v_bear Dec 13, 2012 8:48 AM Flag

    The beginning of a new partnership

    We'll find out soon who bought the $100 million dollars worth of stock from SRPT. For those that can read it's not dilution. The company is increasing the float not increasing it's shares. The $100 million cash is now on the books so you have a net effect of zero. Except we now have a big shareholder that may want a bigger position down the road. The stock should trade back up to $30 very soon.

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    • shares o/s increase, float does not as these shrs will locked up, priced right at current market prices = no dilution

      just need to price it in the 25's

      also, heavy 'tute ownership will hopefully put an end to johnnytimber and holybaloney's antics here

      this was a retail stock at the mercy of hedgys

      not anymore

      also, don't forget berry bought in for 5% right in this same price range

      Sentiment: Strong Buy

    • The PR clearly states a "public offering", # of shares undisclosed, but the writers are estimating $100M or approximately 4M shares. Not much dilution and tons of $$ in the bank!

      From Barrons:

      Sarepta Therapeutics (SRPT), which is developing a drug to treat Duchenne muscular dystrophy, announced a surprise equity offering after the close of trading today. The company didn’t specify the size, but talk is that Sarepta is seeking about $100 million, or 4 million shares. The stock closed today at $25.44, down 1.9%.

    • system_architect_enterprise system_architect_enterprise Dec 13, 2012 8:51 AM Flag

      Where did you see that? That it was a sale of existing shares and not dilutive. I didn't see that in any of the press releases, so while I pray it is true, it sounds more like wishful thinking on my part.

      • 1 Reply to system_architect_enterprise
      • do not read too much into any of this dilution talk

        but the loose concept is that if I add $100 mil to my free cash and I price the stock I sold to raise it at market, then yes, there is share count dilution, but no, there is essentially no value dilution

        this argument is beautiful

        until of course

        you spend the money

        then it is an ugly duckling

        until the market thinks you spent the money that increases the business value of the company

        everything is a slippery slope

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