• WSJ: Public Relational Pension Fund "executing orderly liquidation, wind-down ops" by YE15 .... this was stated many months ago, so it should come as no surprise. I remain long.
So hard to tell anymore. Honestly, I thought KERX would have been (and maybe was) vetted by a couple of companies prior to approval and thought we might see a buyout sometime between then and Q3 this year... however, I never expected our PPS to be back at these levels. I thought we'd at least stay in mid-to-high teens maybe even near 20. Wish we had a little better communication from corporate... and hoping that very soon scripts begin gaining track at a faster pace.If I hadn't already added so much in low teens, I'd be doing so now. Must learn my lessons being overexposed in oil and gas and don't want to run that risk in Bio. - Best to all longs.
Have owned this since the 5s and added through 10's. Later sold about half my position in $34-26s. Just trying to find the ideal time to add...
Mental illness and substance abuse/addiction are treatable diseases.
GE has been part of the reason I've held so long and added so much. I could say the same for a few other oil plays I own. All impacted for the prices of oil and gas. These are the times great leaders deliver under difficult changing circumstances... I have not given up on GE or MHR and have not sold a share.
My patience is beginning to wear and the hope for significant better news soon or I'll close my eyes and put this in the sock draw and hope it doesn't get eaten by moths and has significant value someday.
Former CEO always stressed how a small focus sales force is all that necessary to capture the market, because its such a tight knit community of providers. With more insurance commands coming on line there should be no excuses after another 1 - 1.5 quarters so see significant ramp up in scripts.
Would sure be a BEAUTIFUL thing if GE pulled a few BIG bunnies out of his hat and delivers them at the shareholders meeting. Possible, but no idea how probable. Announcing a JV would be one. Selling the entire pipeline would be another.
I have a substantial amount in energy holdings... honestly too much in energy and drillers. I have no doubt that half will do well long into retirement... Others, who knows??? For my situation, I would welcome any consolidation in this space, but it hasn't happened yet... perhaps it will, but certainly not for the price and premiums being tossed about over the past five years and prior the past year's oil and gas "war" (for lack of a better term. I recall GE saying how if we sell it would not be before we are in the 20s and we are a long way from the 20s. He said that when we were 3-4 X where the PPS is now. None of us here can predict the future. This could go to zero like any company... no one company is immune. Still GE has his reputation and MANY millions on the table that I'm sure he doesn't want to see evaporate into worthless paper if he can possibly help it. Maybe we go to $0, maybe we go to $4-6 and maybe we go to new highs and 20s someday.... only time (hopefully lots of time) will tell.
Best to longs
My largest and now only two holdings in this area has been Lockheed, followed by General Dynamics.. I've held both for ~ 20-25 years. Some in the L-Sanders days and sleep well owning them. I've also done business with both and really enjoy the folks I've met at Lockheed, Texas where they do a lot of stealth fighter work.
Full discloser... nine months ago, while consulting for a start-up operating in stealth mode, I reached out to KTOS concerning some cool technology that I thought they might be excited about for use within their MIL/Aero/Defense and security groups. Sadly they never responded to my two inquires. Dealing with the federal government and contracts isn't what it used to be years ago, but still...
This has gnawed at me, especially as a shareholder. And had some influence on my decision to sell now. Maybe I let my ego get in the way, but nothing frustrates me more than seeing the way companies that deal with the government operate in this day in age. No wonder this country is innovating less and less when it comes to meaningful technology. Perhaps if I was selling them a reality TV show or video game or some App, they'd have welcomed a conversation.
I don't understand you comment. I'm not the greatest at math, however, purchasing KTOS in approximately 10 blocks of various quantities in 4s and 5s (a few 6s) since ~2012 and selling ALL of those shares three times at 20-80% profits.
Recently buying at 80% of my recent purchase near 4.20 range and 20% at 4.80 - 5.05. Sold ALL for 5.75-5.81.... never lost a dime on KTOS.
I didn't stay as long as I had originally hoped this time, because I didn't like what I was seeing and hearing from CEO of late and I felt less confident about the quick run up. How is that buying high... selling low? Don't understand your point.
Out of KTOS. Sold shares from low 4.20-4.35 and 4.80-5.05 for 5.75-5.81. Wanted to hold for 7-8 again, but tone of CEO on last call didn't set well with me. Could run and do fine, hope so for longs. Might get back in if markets correct this summer/fall and KTOS is 4s or new lows and their is more clarity. And if I miss them going to the moon so be it.
KERX did a lot to prepare in advance of A's original FDA approval, but more is now needed.
Getting insurers to accept and then pay is a key area that they are making good progress.
Getting commitment from major treatment centers to promote A for new patients is MUCH needed. This groundwork was likely started before approvals, subject to approvals. How quickly this ramps is very important, but we won't really be able to tell for a few more quarters.
Getting commitment from the medical community that they will be shifting existing patients from X and Y companies' drugs to A is another key area that also takes time.
We need more runway... another quarter, likely two Qs to start to take off.
I am grateful and relieved we have an approved drug and possible ways to expand its uses...
Future is bright for KERX, we need to crawl before we build strength to run to high teens, then 20s, then 30s and beyond.... BO or no BO.
Best to longs and happy Memorial Day!
CEO usually sounds a little cocky on calls, but on this Q call sounded like he had his wings clipped among other things. I'm worried... has the CEO been sited since the call? He said many times how excited he is about this and that potential bid, contract, more government spending, etc and yet his tone sounds like he suffers from depression and was about to jump off a bridge.
All is well though, as he educated me about the Internet of Things and implied how GOOGLE will acquire the company for one or one stock swap. And I thought it would be Raytheon for only $200 a share.
Maybe I'll add in the 4s. Maybe not. Maybe. I don't know. I used to be indecisive. Now I'm not so sure.
Everyone - enjoy a wonderful summer!