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RAIT Financial Trust Message Board

xds58 6 posts  |  Last Activity: Jun 16, 2016 3:01 PM Member since: Mar 26, 2002
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  • Reply to

    Why are we sub $10 ?

    by svchiro Jun 13, 2016 10:29 AM
    xds58 xds58 Jun 16, 2016 3:01 PM Flag

    could be wrong, but guessing there is some selling ahead of Jazz call on JZP-110 -
    End of day, if they get good data on SO, FLML becomes a path for someone to launch in 2020 as opposed to 2026 - that's worth more than today's price. But requires patience.

    As an aside, and haven't looked at this for awhile, I believe once approved could launch anytime, but subject to treble damages if Jazz can prove infringement - FLML can't take that risk, but maybe a larger company could.

    Also not sure about the REMS timeline, nor have they provided much info on this.

  • Reply to

    Why are we sub $10 ?

    by svchiro Jun 13, 2016 10:29 AM
    xds58 xds58 Jun 16, 2016 1:46 PM Flag

    what makes you think there was a 30+ offer?

  • Reply to

    What am I missing

    by bobgarland_1938 May 30, 2016 10:10 AM
    xds58 xds58 Jun 3, 2016 2:28 PM Flag

    I'm afraid that's wishful thinking.

  • Reply to

    What am I missing

    by bobgarland_1938 May 30, 2016 10:10 AM
    xds58 xds58 May 31, 2016 11:00 AM Flag

    I think your figures are reasonable. You're assuming things hold up at current levels on profitability - I don't think there's much way to know that without more input from mgt.

    On BV, what difference does it make if we're at a 60% discount to book or a 70% discount to book? Either they turn things around or they don't. If they do, this will do well from here.

  • Is he ill? Phasing out of business?

    Sentiment: Hold

  • xds58 xds58 May 1, 2016 9:33 AM Flag

    you're trying to win the master of understatement aware aren't you?
    Mylan should have sold. Perrigo should have sold. They both thought their businesses were worth more than they are.
    But shareholders wanted Mylan to sell. Management didn't want to lose their cushy spots. But they did #$%$ away alot of their own shareholder value as well - no matter, they'll make it back in comp in the next year or so.

    Wish there was a way for the activists here to force down the management comp, which is a total, total joke.

    This is not that bad a business, but management is completely self serving.

    John, help us out!! Put the hammer on these aholes...

    I don't see a long term sentiment option for 'hopeless', but that's where I'm at.

    On company itself, my guess is they more or less hit 1Q number, lower full year to $4.50. Next year probably closer to low $5s. Stock is still cheap, but management...well, I already expressed my views there. Geez...

RAS
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