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Astex Pharmaceuticals, Inc. Message Board

bobby673 1 post  |  Last Activity: Nov 13, 2014 12:34 PM Member since: Mar 27, 2010
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  • bobby673 bobby673 Nov 13, 2014 12:34 PM Flag

    I thought that this was a fair conference call. Based on the earning release and conference call, I do not see this stock moving up very quickly. Military/Navy business has been very good. But very little progress on the commercial side of the business. Not sure why they have not closed the England facility. I have not seen any progress in the European market or global market. The commercial business has been discussed for years but with little progress. Hopefully the additional sales force will show positive results next quarter. I think that over all things are moving in a positive direction but some tough decision must be made for example in Europe. In my opinion, costs could be reduced by closing the office and hiring sales reps on a commission basis. This is definitely a hold and I also think the current price is too low. Stock should be a minimum of $11 ($1.10 per reverse split). Need a good IR person to promote company to investment community.

    Sentiment: Hold

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