So hopefully they put the atm to bed.
Opk's revenue was up nicely, cash burn slowed even though we had more phase 2-3 projects. Add in the PFE cash which TECHNICALLY is Q 1, and opk is doing fine for a start up. Dr. Frost can be LETAL with near 400m in the bank, stay thirsty my friend.
Long, Miami fan.
PS. am not going to go figure it out, a more diligent soul can, but my guess is if you eliminate our losses from owning these start ups, and the losses from stock appreciation which creates the note loss, betting opk lost no more than, drum roll, than .055, which would be a beat. WHY .055, I cheated, I did a quick math look but not a thorough one. That is for the DD group, the investor, not the DAY trader who loves short term gains.
LONG, a Miami fan
Factoid, his price target was 12, before the downgrade, and he did not move his target. Fact is he missed by a mile on eps. target, too high, and the pt., too low. These guys kept expanding opk's margin for what I have no clue? Opk beat revenue numbers, but per usual had derivative losses from the NOTES which sapped eps., that and opk owns several start ups. YES, on PAPER, they get a loss if those start ups lose money, cocp not making money any time soon.
High angel, no clue, my PT entering 2015 was 15, but opk hit that so fast I am not sure. My price target as opk exits 2016 has not wavered 28-32, but the run to 15 was so fast was an interesting move. If Frost partners another drug in the short term, all my projections go in the I did not SEE that bin. So I think FAIR price is 15, a buy. 100% move in 24 months is a BIG possibility.
Closed the NVS deal YESTERDAY.
There is a big buyer, OR there are NOT ENOUGH shares to short any more to do damage. Think. Analysts drops eps. loss so low OPK could never hit it, then the miss. Next Opp down grades. We were at 14.56 close before these events, we are only off as of this typing 33 cents, not good if short. Uptrend might have stalled short term, but we have a big buyer, underneath, not FROST.
BUY, or cover, you figure out the tarot cards, not good sign if short. Since earnings down .25 after a miss and down grade, ummm. weird. Or we go back up.
You are right, that said, analysts do influence short term moves which means little to a LONG. Generally I have found a series of down grades means buy, and upgrades sell, lol. When all the down grades are in, the floor gets set, same for upgrades on a ceiling. Still would like verification on DeGeeter's upgrade if it exists. He has been dead on, though his upgrades are 1 year targets, not tomorrow.
I know the LTS upgrade was posted at uncle's, and have seen the upgrade referenced at stocktweets etc., but have not been able to verify it. The LTS analyst is DeGeeter, but can not factually verify his upgrade. Has anyone been able to find an actual LTS release, I have been able to up to this point. With out solid verification I am not sure it is fact or hype. That said, Uncle is solid, but even he could get fooled, NO ONE is infallible.
They never raised from their 12 PT even though opk shot to 15, the down grade is because they think opk ran to far. I have not seen their current pt, but believe they kept it steady. LTS always has had a higher pt than other firms, but because of Frost's connection the market basically ignores LTS. LTS however has been the MOST ACCURATE. They went from 8.50-10.00 in May 2013, when opk had never even sniffed 8.50, it ran to 10. in 4 months. Their next raise was from 10.00-14.50, that took a little over a year. So LTS going to 18.50 will be viewed as Frost influencing the analyst, No matter, the analyst has been the most accurate.