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Arena Pharmaceuticals, Inc. Message Board

leroybutler94 5 posts  |  Last Activity: Jun 13, 2016 10:11 AM Member since: Mar 12, 2013
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  • leroybutler94 by leroybutler94 Jun 13, 2016 10:11 AM Flag

    We need a Message Board for ADPT. They show HCA as their biggest competitor.

  • leroybutler94 by leroybutler94 Jun 9, 2016 3:18 PM Flag

    From Thomas Herzfeld on his Oxford Preferred holdings:
    What Helped Performance
    Preferred Shares — After opining in the prior quarter
    commentary about the covenants and expected outcomes
    of our largest positions, Oxford Lane Capital cumulative
    preferred shares, we got to see the process play out in the
    market as the common equity (OXLC) breached its asset
    coverage ratio of debt to equity. We added shares of the
    preferred on the way down as our analysis showed plenty of
    assets on the balance sheet and a steady stream of income that
    could be diverted towards curing their asset coverage ratio
    deficiency. On February 23, OXLC announced the curing of
    its prior non-compliance, which caused both preferred shares
    to rally sharply into quarter-end. Both closed the quarter
    near par value of $25, contributing 69 basis points of positive
    performance to the Fund.

    Sentiment: Buy

  • leroybutler94 by leroybutler94 Jun 9, 2016 3:09 PM Flag

    I am not trashing the Oxford common and I have owned the preferred for over a year. Herzfeld always buys closed-end companies when everyone else hates them. He is the savviest CEF investor around and he owns 330,000 shares of Oxford preferred in his open-end fund Virtus. Simmer down Winnie.

  • Reply to

    Someone appears to be accumulating

    by mikeestewart46 Apr 15, 2016 11:26 AM
    leroybutler94 leroybutler94 Jun 7, 2016 8:34 PM Flag

    Have you looked at the number of shares Herzfeld's open-ended mutual fund owns? He also manages private accounts that I am sure are filled to the brim with Oxford common and preferred. So who does Dave Winnie think was buying?

  • Reply to

    Someone appears to be accumulating

    by mikeestewart46 Apr 15, 2016 11:26 AM
    leroybutler94 leroybutler94 Jun 7, 2016 9:33 AM Flag

    Likely buyer was Herzfeld. For some reason he loves the broken stuff. However his record speaks for itself.

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