This is what has bothered me about Ligand over the years...I have often felt that DR mislead many of us long term shareholders several times...It wasn't then and certainly isn't now, necessary...Hopefully, it won't happen again...
I watch eln dropfrom 60 plus and almost bought in several times.
What bothers me about Eln back then was the WSJ published a story about bad accounting.
To me a company can fix it or not.
They choose poorly.
These companies CEOs think they can do anything.
Company management better be straight.
Like I said DR had a failures (3) if thet would have made it. Thing would be different now. He is not crooked. Does not alway gives the full story. A long way from crooked.
(You spew out so much that eventually you've got to be right about something.)
1) I know stuff.
2) I know how to use stuff that I know to make profit.
3) Profits come from others who don't know as much stuff.
Pesse (Anything else is just static) Mist