being broke, negative cash flow, in trouble; analysts are all wrong should be marked a SELL, etc. This person NEEDS to be fired and never write again. It is such utter BS!
This is pretty basic WS media nonsense. No doubt you could make the case that CLDX is over-priced based on recent quick moves up but real Q is are you looking at future growth/potential (and how far out are you looking) or trend lines based on tech. Tech this is over-priced but fundamentals are rock solid and risk/reward is there. IMHO
What he said doesn't make sense. Their value is in pipeline and ability to raise cash such that they still own 100% of product. You could say a company that partners with Merck or similar has "deteriorating pipeline" when they go from 100% owned to 10% owned. Well, more important than the very small revenue from a product they only owned 1% of, is that they own 100% of the rest of their pipeline and have enough cash to stay that way.
And that their recent previous secondary was done at retail price, etc I am hardly one who has tremendous expertise, but it is so egregious, disgusting, manipulative Inaccurate and contradictory it makes your head spin.
It is about as poorly written as they get but could be adding to the decline. Issue though continues to be how do you value potential? There's just no fundamental level at where these become cheap based on any objective valuations so everyone's groping in the dark. Fear and greed rule. At present fear seems to have kicked in.
Please send him an Email: NO BIO EXPERIENCE!
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