Simply not true, some of my best returns have come on stocks that get punished for dubious headline reasons. Keep in mind this isn't just a stock. THEY HAVE OIL and OIL ASSETS and they pay a dividend. They will get it straight or sell the company because their value is not expressed in the stock price. Period.
Simple. If you told them in advance they would have gone SUPER short and made a ton. This catches them off guard.
For longs. News Flash... The company needs millions to roll out the drug. What did you think they were going to use to manufacture and release the new product? the 20 mill from baxter? That isn't anywhere near enough... this is big business and it cost money... apparently 55 mill. Don't worry about it add to your position below 10 and wait for pay day.
Positive. Remember baxter is in at 11 and change... its worth more than baxter paid.
I had been selling this position off for a while. Each time it was above 3.25 and I sold the last piece at 3:20 last week. Now I am starting to buy back in. 3:08 is a great price and I know we are only talking about a couple of cents but it make a big difference in the long term. I also still expect a buyout or another special dividend at some point.
Everyone is pricing in a capital raise at this point. They need to announce something. Seriously this management sucks they consistently miss their own guidance... doesn't get worse than that.
Added caution ahead. The CEO spoke on the call about having to rebuild the relationship with investors after several missteps. I also think the 3rd quarter results will be good, but I think they are going to have to lower guidance so that they under promise and over deliver. The stock is not going to react well to the lower guidance... oh, and at some point we are going to get massacred by tax loss selling. We still have one step lower before the recovery begins, but the stock will be higher than it is now in the 2nd and 3rd quarters of next year.
oil and gas prices are both depressed. The company needs to conserve cash (flat capex) and sell whatever oil and gas it pumps to keep the lights on until the market changes... Everyone is slashing capex so start the cycle of limiting supply which will raise prices.
The alternative would be flat production and stupid ridiculous capex spending... which is what it has been doing for years and why the stock price sucks. The blew that capex budget on #$%$ that didn't work. I don't know what they were thinking. I like this approach better. You should be building a position here for the next wave of the cycle.
I have been gone for a while. Why is this stock falling like a rock? I see they sold the Peru unit but I can't seem to find anything that explains what is happening to the company. It looks like Revenue is way off, does anyone know why? I thought they paid a bunch of their debt down but it looks pretty high again at double their cash holdings. Although they still have 4.00 in cash.
Is there actually a way to stop the stock from falling to zero?
If it were a real mining company, and it isn't, it would just mine gold and sell it = saved.
They can't seem to sell anything to anyone because the cycle is bad, everyone is hurting, gold is down.
Even if someone wanted it pzg is so desperate for cash they wouldn't pay barely anything.
So what other options does the company have? I haven't owned a stock this bad in a really long time... and the last time there were viable assets to sell people wanted. How does this get resolved?
As a shareholder of RMTI and BAX, I would be pretty #$%$ if off if Baxter offered some company 20 million without reading the study data ahead of time. Did you know that Baxters primary core is renal? I do. I am willing to be they are aware of what they paid for. This is a great buying op below 10. Thanks for the shares.
No one is going to buy a falling knife. They will just wait for them to run out of cash and steal it.
Why take the risk? Baxter throws 20 million at rmti so they don't have to find another buyer before approval of the fda. Now they have cash and it only cost Baxter 20 million bucks... and it won't cost that much more to buy them at 30 AFTER its approved.
It will show up in the numbers as such. Either placed orders not delivered aka back log. Or pending orders on the horizon not even close to manufacturing. It will not be in revenue and would be in guidance.
I am an X Baxter employee.
They are splitting the lower margin but high cash flow Medical Products Division away from the the high margin high investment medical device division. Company one will throw off tons of cash while company two innovates the next generation of whatever with a high chance of capital gains. It is exactly the same thing that Abbott has done over the last couple of years.
Everyone is doing "just in time" manufacturing there is no way there are millions of units just sitting in a warehouse somewhere. Manufacturing is far beyond that. There is probably a weeks worth of production inventory at the assembly factory and maybe a months worth in house at invn.
October is a terrible month historically speakings. So buying the week before stocks decline should be a bad time to buy. Best time to buy tech is usually August, best time to buy gold is now in theory.
You aren't trying to use logic and facts with that guy are you?
Oil is going lower and will be for the short and medium term. I am building a position and plan to wait it out I am also buying gold which is down. This is the time to build positions. Buy low sell high.
I didn't do the research on it yet so don't shoot me. I have with RMTI for two years mostly lurking. Just interested in if there is any money to be made over there as well.
Thanks in advance.