Since Mike brought up ZGNX in his "Flagships and Icebergs" thread, I am posting for FYI purposes only, a bit of info on ZGNX.
1) They had a reverse split of 1 for 8 on 7/1 (perhaps old news for some)
2) They priced their SPO this morning.
Th-th-th-that's all folks!
Hey Bill - A very good post. One combines what you have posted, plus what Bear posted about the current % of tutes ownership and low level of short interest (~20% of what it was a year ago) and IMO GILD is no longer a high growth company. And when you take into account their increased guidance, the cash flow will be solid and again IMO management is in no hurry to make an acquisition, especially when most biotechs are currently at frothy prices.
Full disclosure - I remain ultra long.
Hey JR – I agree with you 150%. - with or without the acquisition of DEPO.
Which, BTW is exactly what dividendseeker posted in his July 7th thread entitled “What HZNP + DEPO would look like”
Hey Bear - Agree with everything you said about lowering guidance, lack of pipeline,etc. Just wanted to make sure that "earnings miss on the scale of BIIB's miss" wasn't the central issue!
Hey Rose - I sold my sizable MDVN position in May because I got tired of waiting for a buyer.
So you know how how things work, just watch GILD buy MDVN. (HA!!)
Hey Mike – A change from an existing environment and normal routine is definitely a vacation in my book. I especially like the "cold beer" part!! :-)
Have a safe trip!!
Hey DS - Nice conservative "back-of-the-envelope" strawman!! Thank you for the effort.
We can wait for for other posters to chime-in with their opinions. :-)
Hey lbl - YES - I'm still very long in GILD, impatiently waiting for an announcement of an acquisition. I sold my MDVN today on the bounce - just got tired of waiting for them to be bot. Small profit........and per YOUR suggestion, I am still holding CELG Jan 2016 $50 calls. Thanks for that advice!!
Patch took the summer off, given his huge RCPT position established @ $30. He felt it was just a matter of time. FWIW, both Patch & I currently hold very large positions in FOLD, expecting another acquisition in our favor - again, just a matter of time - IMO.
I personally, am hoping that HZNP pulls their offer for DEPO - it'll be fun to watch the sparks fly!! LOL