Very telling and cogent rebuttal, as usual. However, the 13G/A forms filed in the past couple of days begin to show how weak the institutional ownership of SGYP is. 13G/A's for IRWD to date show FMR(Fidelity) holding 15.25%, Wellington Management holding 14%, Stephen A. Cohen (via Point 72 and Everpoint) holding 7.4%, T. Rowe Price holding 5.1%, Blackrock holding 7.4%,and Vanguard holding 6.93%. So these 6 major entities hold more than 56% of IRWD - more than the entire institutional ownership of SGYP. The only 13G/A's filed for SGYP to date are Vanguard holding 5.79% and Polygon Management holding 6.9% (in the form of a convertible).
"still"? Those are obviously the positions as of the end of last September. Tuesday we should see the positions as of the end of December.
Okay, but if, in your view, the downside is 10 and the upside is 15 with a 17.7% dividend, I'd argue that you take the upside bet right here.
Or, look at it this way: If earnings don't fall out of bed and this is15 by the end of the year, you wil have made 33% on your money.
Look at this way: If they cut the dividend in half (they have said that they're going to maintain it at current levels recently) you'd be making 10%on your money.
Yes, we know some things: (1) The BOD has said recently that they expect to maintain the distribution at current levels.(2) The price of their key products does not decline proportionately to the price of crude oil. (3) If (1) is true, the chance of a 20% return in a declining interest rate environment is attractive.
Personally, I think there's a lot more risk in being short going into earnings than being long. We will see.
This is now priced for halving or suspension of the dividend, which we know is not happening. Or for a major shrinkage in the coverage ratio, which I think is also not happening. We will soon find out.
C'mon, Indiansfan, construct a giant imaginary short position in IRWD to go with your imaginary long position in SGYP! Or I'll construct one for you.
This is a singularly undiscriminating fund - more like an index fund of everything. Yes, they did pick up 53,544 shares of SGYP, listed as worth $305,000 (but worth more like $200,000 now). They are so undiscriminating in fact, that they picked up 20,833 shares of IRWD to bring their total holding to 59,211 shares, listed as worth $701,000, but worth more like $540,000 now.
Wow! With his 500,000 imaginary shares, indiansfan is much more important than this pipsqueak. And itsahorserace, with his 130,000 REAL shares puts him in the shade.
What you pathetic losers (if there are really more than 1 of you hiding behind those phoney id's) don't seem to realize is that I have over 40 stocks in my portfolio.
You are an embarassment to your (phoney) id.
Right. itsahorserace blew a $730,000 profit and is now sitting even. All of you bozos think this stock is going to make you rich - even while it makes you poorer than ever.
PS For many of you, your loss on this turkey is now a long term loss. You should have taken some of the short term losses, waited a month, and, since you're true believers, added more here. But you live in the constant expectation that it's going to jump dramatically. (How about that big 15 cent rally on the NDA filing! Lasted about 5 minutes. The MM's had hoped to get it higher and hold it there, and now they have more shares than they want.)
PS If you really believe that it's going to 5, short some. Or buy some puts. Put your money where your mouth is.
You're a lot stupider than Brad. They stopped it at 9.10 to let the shorts double up. Let's see how that works for them tomorrow. Maybe a little dip below 9 to lure them in for more, then set the hook, I think.