The patents have overlapping claims, that's the basis for a patent claim against Medac. Resolution via the courts could take years - which would be great for Antares. Antares has the stronger hand because they are first mover in the market.
Medac is trying to get their NDA using a 505(b)(2). The point of the litigation is that Antares claims they are a generic and improperly filed. So tentative approval is possible until litigation is settled. FDA will not rule on an issue to be settled by the courts. That is why full approval is very unlikely. There is a chance that the FDA will rule that something is incomplete and ask for re-submission. I see either tentative approval or CRL as positive for Antares.
Worst case, Medac comes on the market behind ATRS, delayed. Only question is how much delay. Even with zero delay from here, ATRS is still first mover and the market is big enough for both and ATRS is STILL undervalued. So, get the news out either way so ATRS can rebound.
Correction: I went back and looked. Actually, my current long position started less than 4 months ago. Still a short time frame to ME. Not to others, obviously.
"You seem married to the stock". I started my latest long position in the stock less than 3 months ago. That may constitute being "married" to it to you, but to me that is a very short time frame.
When you say the company's performance has continually failed to deliver, are you talking about your expectations for pps or are you talking about your expectations for fundamentals (earnings and revenue)? Neither have disappointed me. Since you are clearly disappointed, I assume you have long ago sold and moved on? If not, you should.
ATRS cash per share is only .46, so you can't take much comfort in that. But ATRS has a low cash burn per quarter of under 0.10 per share, and should be profitable by Q2 2015. The fundamentals that make me optimistic are the earnings and revenue growth coupled with a steady march of new products, not the cash per share.
epritske, I think your post here points out something else. It is possible to make or lose money on ANY stock. But to make money on a stock that is declining in the short term obviously requires belief and conviction that it will sometime rebound. If you don't believe that, you will probably end up selling at the worst possible time, i.e. at the bottom. Think about ATRS, think in terms of how much lower it can possibly go, really. It's pps is now where it was 2 years ago. Have the fundamentals of the company improved or gotten worse in those 2 years? What does that tell you about what is likely to happen next with the pps?
stinky, what's funny is that you are a new alias for camry. That you feel the need to come up with a new alias to write the same #$%$ is truly funny.
epritske, I believe you are genuine in your posts. But if you don't believe in the stock, I believe you really should consider selling. Find a stock you believe in more than ATRS, than stick with it. If you can't find such a stock immediately, stay in cash until you do.
epritske, I think ginny was only using the word funny with regard to the "new" bashing aliases, who are obviously the same person. I can sympathize with your frustration on the pps to an extent, but really my approach is to buy even more of a falling stock that I BELIEVE. If I don't believe in the fundamentals of the stock to begin with, I won't buy a single share to start with. If you don't believe in the stock to begin with or have the funds to buy more as the price falls, then the problem may be in your risk management and investing style.
I've seen the same type of whining and bashing posts on many stocks I've bought in the past. ATRS is by no means taking any longer than the others. And they all turned out to be big winners for me.
"No way to see this with rosy shades". Well, I disagree because I see growing scripts each month. And I see new products coming. But I won't try to convince you. You think ATRS sucks, fine, then just sell. I don't see why you don't just sell and walk away.
I agree, another homerun post by me. It only took a couple days after that post of mine for ATRS to go up nearly 10% in price from when I wrote it.