depends on the data, breadth of patients they can cure, timing to market, which is shrinking as people get cured. This is probably not PCYC, but could be at least $20+ on the Hep C alone and then add in the early pipeline that also looks interesting + cash maybe $25+...A very nice return IF all goes well.
I started at $12 bought more on Friday 3.68. We have 2-3 years for the price of oil to go higher, or get taken out. They will probably cut the div soon, but I doubt they will eliminate it. They under-promised regarding cost controls on the last call (and there was a lag) and the next call/performance going forward should be better (I hope). If Oil stays at $40 or continues lower for another 3 years none of the US MLP's will survive in their current form.
I'm hoping the Saudi's will change their foolish course, but they seem very stubborn and intent on punishing everyone. If they keep the price low for much longer, other oil-rich countries (Russia) will take some action either together (new cartel), or against the Saudi's (bombs or coup).
I really hate rooting for higher oil prices, it seems un-American. Just get it to back $70 and everyone wins.
they will cut before they eliminate. next move is a cut, but to where and what's priced in is the question. I would expect a range from .40 to .80 per year. Maybe they sell the long dated hedges and buy some debt? The have time to right the ship 2 years + but some oil price relief would sure help and get M&A going again.
ops cost cutting will be better going forward, but I do expect a div cut, maybe in half. It would be nice if they went to $.80, but probably not and just a guess it might even be .50 who knows. I want to buy more, but all of these falling oil "falling knives" are causing a lot of red.
one would think all of this unrest in the ME would raise the price of oil. Stupid Saudis are just begging for trouble from Russia, or another country that would like for them to produce less. At some point, I think something will happen that reduces supply/output.
this is a non-cash accounting entry that only relates to the book value at a point in time; it's an estimate of the value of their reserves based on the recent price of oil. It's not a cash expense, not a cost...
can you predict the price of oil in 3 years? The company will survive at least that long unless they are acquired first.
post the emails and I will write. I do have a day job, so not time to hunt them down, but I agree they must be held accountable. BOD members are usually friends of the CEO, so it's difficult to get them to turn.
check with the broker that holds your shares. It's all about management wanting to give themselves more free stock at this rock bottom price. The senior execs should all be fired except the CFO and, or Treasurer that was responsible for their hedging.
I'm a shareholder of far more shares than I care to admit. To be brief and to the point, your operating performance has been a disaster, the stock price is in free-fall and the executives are wasting shareholder time and money on a special meeting to issue more free shares to the executives that are failing the shareholders. If I were a cynical person I might think the execs are trying to move the stock lower so their new free shares are gifted at a low price. You should all be ashamed at your greed, arrogance and terrible performance other than the execs that do your hedging. If you want stock, buy some on the open market. If you can't operate a company in a low-price environment, find someone that can, or sell to a company that knows how to operate efficiently. This is unacceptable, you should all be fired!
that's why management needs to use the term all options and drive an auction, we don't need an insider deal where management pick the partner based on promises that benefit them over the shareholders.
No way it's Eisai, we just need them to get out of the way and allow a deal with a real company. Eisai is clueless.
amen to that, agree 100%. They are greedy, fat and happy. They are not driving costs down fast enough and continue to disappoint. They are not focused enough on running the business efficiently and effectively, just what can they get. I wish I was aware before investing, I can't stand investing with greedy self absorbed management.