So who bought at 140? That kind of thinking is why you are a poor investor. Picking the all time high and than saying look how the stock is down. The stock is up 45% over the last 12 months even with its recent dip. The stock is up 1300% from when you likely first started bad mouthing it less than four years ago. Good luck to you and your investing prowess.
Most of todays pop is because of the earnings. A split shows a company is confident in its price going forward. Most stocks do get a little boost from split announcements but in the long term I doubt they have much value. Before the advent of discount brokers it was expensive to buy odd lots (anything other than 100 share multiples) so companies splitting their stock made them more affordable to the public. Thats not the case anymore as you will typically pay the same commission on 1 share of a $1000 stock as you would for 100 shares of a $10 stock.
Now expecting sales revenue for 2015 of 670-700 million. In addition will likely earn milestone payments of 245 million. So total revenue in the 915 to 945 million range. Even on the low end of these company estimates it will beat the current "experts" average estimate for the year by 100 million. Of course there are some clowns that skew the averages (AKA Cowen). I bought some more just at the close seeing that the analyst had not really updated their estimates even though Astellas had fed them the sales numbers a week ago. I hope to flip these new shares for a quick profit as I already own enough. I will hold them though if the market continues to disintegrate.
Nearly identical article months ago and was discredited by knowledgeable commentators. Author has ignored those comments and made no attempts to get expert opinions on his science and legal assumptions. Note that he has 14 followers. aecooter is wrong, its worth less than dog turds.
He bet on the wrong horse (DNDN) and is hanging around feeling sorry for himself. Given the fall of DNDN and rise of MDVN it may well be the worst investment decision of all time.
You and I have been sparring for years. As you know my shares have been purchased from $8 to the mid 20's. Some shares sold for various reasons (portfolio rebalancing, tax strategy and college tuition) between the mid 50's to the mid 120's. If this goes to zero on Monday I will still have a huge profit. Still holding enough shares to buy the house you lost in foreclosure as well as your mothers house in whose basement you now undoubtedly reside.Your DNDN is down 99.9%. I win.
I thought I smelled a rat when that ASCO "score" came out. This article spells out at least part of their ineptness. There is however still a concern with the leveling off of prescriptions. This earning call will be important, especially with whatever guidance they give.
Their pps target are meaningless in my mind. Sometimes I will see their target at less than the current share price accompanied by a buy rating which makes no sense. Analysts earning estimates for the near term and longer term have been dropping in recent weeks which is more reflected in the current price. Whether these estimates are accurate or not remains to be seen. The companies guidance on the next earnings call will be closely watched.
I was told on this board several months ago that this is an ETN and not a MLP thus there is no K-1 form. My shares are in a Roth so taxes are not my concern here but I assume the usual capital gains rule apply since its an ETN.
Look at the two year chart comparing MDVN with IBB. MDVN went on a tear and is now simply even with IBB. Stocks that rise fast tend to sink fast as well. There has been nothing specific to MDVN causing this but the whole sector had been in a fall. I like to take advantage of these kind of markets and have been adding more MDVN in small bites since you never know where the bottom is.
Your delusions of shorting MDVN at its top are as outrageous as your claims that I have ever stated I have shorted DNDN. I have never shorted a stock or claimed to have, all though I may consider shorting any stock you recommend given your history. You need psychological help as well as a financial advisor.
Good morning Keith
As always these are Astellas numbers and Durango gets tangled up with exchange rates and yen so take this with a grain of salt. I welcome others interpretations and calculations.
Looks like 307 million US sales. MDVN's share 153.5 million
ex US sales 183 million? MDVN gets mid to high teen percentage so perhaps 27 million
Total revenue approximately 180.5
estimates had averaged 154 million with a high of 182
When I see these huge changes in price forecasts without a detailed explanation I tend to laugh them off. Unfortunately the rest of the market acts on them. Guess we will see whats up within a week or so.
Barclay actually includes some factual numbers with its release, specifically strong June sales following what had earlier been reported as weak sales in April and May. As I stated earlier I am suspicious of releases such as Cowen's that lacks any detail or support for its position.
It wasn't me making that claim but my finger was hovering over the buy button yesterday on the July 100's. I didn't pull the trigger though.
Update (and verified by MDVN)
US 298 million
ex US 188
Should mean revenue in the high 170's
om4carley You have suddenly graced us with your appearance and added nothing of substance. It would seem you are more a part of the problem then the solution for lousy MB's. As for your statement that this MB indicates MDVN is a lousy stock, well maybe you want to look again. According to barchart dot com MDVN is the top stock over the last 10 years with over a 7,700% increase. Guess your not as witty as you think.