FTNT has been winning all sorts of awards, and some impressive deals. That's why I believe that they are a very attractive acquisition. Throw in all their cash and lack of debt, and FTNT would be easily absorbed by any large tech company looking to expand into a growth market. The list of companies that might be interested is quite long. If FTNT has aggressively pursued their buyback plan, and I expect they would have at these fire sale levels, they should easily blow away their earnings projections. IMHO.
All the research I have seen indicates that the security sector is ripe for consolidation. FTNT's cutting edge products, strong balance sheet, lack of debt, and modest size, make it a perfect fit for any of the big tech companies looking to get into this sector or strengthen its position in it. At the least, I would expect a buyout offer would have to be in the high twenties to be seriously considered. $30 a share would probably seal a deal. IMHO.
Any good news or even rumor of a buyout should propell FTNT back into the $20's. I expect to see another pop at tomorrow's open. IMHO.
Unusual to see over 100,000 shares trade after the close. All this aggressive buying is a very good sign. Could be a very dangerous stock to short.
Have to laugh at the guys who point out that those who jumped the gun and bought OPK at the top of its run are underwater. A couple of months in the market is no gauge to base the end results. Dr. Frost has proven that he is a builder of drug companies and a savvy judge of buying drugs in development with great potential. Unlike most insiders, Frost continues to put massive amounts of his own money on the line even at much higher levels. As a long, I will let Dr. Frost do his thing, and I think OPK will be back in double digits before the end of the year.
I saw that news, and FTNT had a nice pop from it. The fact that the run is continuing today on such heavy buying tells me that the possibility of FTNT being acquired or releasing strong earnings is a distinct possibility. If the volume continues at its present pace, FTNT could trade well in the neighborhood of 10 million shares. IMHO.
FTNT appears to have traded more than 1/3 of its normal trading volume in just the first half hour. Big investors and instustions seem to be willing to buy at the ask to get in. With the market trending down, FTNT sure stands out. I plan on hanging on to my shares and buying more if it slips later with the rest of the market. Get the feeling that someone is looking to buy FTNT or good earnings are around the corner. IMHO.
Just like those other "socialist" programs that the Republicans opposed like Social Security, Medicare, and Medicade, it will take some time to work out the kinks and get things running smoothly. If the Republicans let the Tea Party bags oppose every reform, you won't see another Republican president in decades. Republicans better become part of the solution, because if the last five years show anything, it proves that they have only good at saying "No."
This guy is not a novice in biotechs. He is a big deal with Teva, and he has his hands in many other biotechs. He would not throw his money away. He really believes that OPK is headed in the right direction. He has proven he can successfully develop, buy, and sell biotechs, and he is a billionaire because of his knowledge and skill. IMHO.
Frost just keeps buying. At some point, he will be able to pretty much decide to sell the company, take it private, sell parts, or just keep building it up. He has proven he knows how to build a company, develop drugs, and sell companies to larger pharmas. I am a little underwater with the shares I held, but I am still positive about opk's prospects.
Not surprising that FTNT is weak today. Some investors may be booking their losses to take them for 2013. I would expect some people who bought in the 16's and 17's may be taking profits also.
Mentioned that they may split the company into three separate entities. I don't know if it will happen, but if it does, I bet the parts will be worth more than the whole. IMHO. We shall see.
Frost can't deceive the SEC by buying in NY and selling in Israel, or for that matter, doing the opposite. He must report major purchases or sales as required by law. As far as I know, he has been a constant buyer. I know that the likes of Lakewood would probably like people to believe that Frost was somehow manipulating his holdings, but the fact is he has said that he firmly believes in this company's prospects and that he has been making huge regular purchases. I believe he owned over 50% of OPK before the Prolor merger, and I believe his aim is to keep buying OPK's shares until he again has a controlling interest. IMHO.
I guess Dr. Frost isn't the only one in the company who likes OPK's prospects. Short if you must, but with this much insider buying, it just doesn't make sense to me. I don't know what Lakewood's game is, but they may end up costing the people who they convinced to short some big bucks.
I believe it was 21,100 shares around 8.81. Check the news release to make sure I got it right. These guys wouldn't be buying if Lakewood's news had any legitimacy. Actually, Lakewood may have set OPK up for a nice run if and when shorts have to cover. IMHO. Good luck.
I would agree that OPK is an attractive company with an interesting pipeline, but I would think that Dr. Frost's connection with TEVA would make that company a more logical buyer.
FTNT seems like it likes to take two steps forward and one step backward. CFO news was great, and the market is up big. Will that be enough to keep FTNT moving up, or will tax selling and short-term profit taking pull us back down The close should be interesting especially on a day like today. Good luck!