I wasn't aware that a final buyout price, or buyout date had been determined. I recall old_wisetrader saying the buyout would still occur in 2015. I'm certain Pete will command a premium for AmnioFix and CollaFix, but I'm uncertain how large that premium will end up. As it relates to the stock market, I've learned to expect the unexpected.
The company was well ahead of schedule on their hiring of new salesmen. Also, Dr. Don Fetterolf has done an excellent job building insurance reimbursement on the commercial side this year. I agree with you Doc. This bodes well for good revenue growth in 2016 and 2017. It will be even better if the company starts seeing some international revenue.
I don't know if the was addressed to me or not Doc, but I think $16 - $18 by the end of the year. If I had thought any differently, then I could have used the index fund buying as an opportunity to sell some stock for $11.50 or better.
"str8 I like your enthusiasm however forget about a breakout
I've been a long term long but now ready for the index reshuffle create the predictable "bomb" in July.
Don't believe me, look at last year"
I have to admit that you nailed it with this prediction Tipsy. I'm still of the opinion though that the stock was at $11.97 in December, and the news in 2015 has been very positive. The drop earlier this year was caused by that phony qui tam action and increased shorting. The drop since July 1 is directly attributable to increased shorting activity too.
As long as we are talking about history and last year, don't be surprised if this stock makes an entire year of gains in 60 days, and my bet is those gains come late in 2015. More shares now are in the hands of institutions yet the short interest keeps increasing anyhow. This scenario is leading to a major showdown. It is hard not to expect volatility in this stock.
Any large shareholder who wanted to sell their stock had a perfect opportunity to sell in the past 5 trading sessions for $11.50 or better without spooking the market or moving the share price.
The news in 2015 has been very positive Doc, yet we are still down year to date from the high in late December. Unless somebody wants to argue that the stock was never worth $11.97 in December, then I think we should go higher. It might not be a straight and narrow path without some bumps on the way, but the reputable analysts covering this company think the price should be higher too.
Speaking of inside baseball stuff, Sports Illustrated picked your Braves to finish 26 out of 30 teams in all of baseball. They said the Braves would have trouble scoring runs. Wrong, and wrong again. The Braves really aren't a bad team if they could just pickup a couple of relief pitchers who won't give games away in the late innings. I know Braves fans didn't understand the deal for Nick Markakis, but Orioles fans hated to see him go. He is a solid hitter and he doesn't make errors in the outfield either, and the trade of Jason Heyward for Shelby Miller is looking better every day. I've only seen a few Braves games this year, but despite the records, this Braves team looks better than the team they had last year. If they can add a couple of relief pitchers, then they might gain ground at the end of the season rather than folding like a cheap tent.
This is June 30 and the volume is drying up. I suspect the index funds are done buying now.
I could use confirmation on this as well. I thought the funds had to be invested by June 30, but there are also three days for trades to settle. Another poster mentioned further fund buying stretching into July, but I doubt it. If the stock has to be in their portfolio by the end of June, then they don't really have time to be price conscious?
I did go to church yesterday like I do almost every Sunday. Does that make me righteous how_about? I don't smoke or drink either. I'm probably not a person you would enjoy spending Saturday night with. Oh well, I can only imagine what I am missing.
Did you read the transcript from the Jefferies Healthcare conference? Bill Taylor said that "Now let's talk a little bit about our catalyst for this year and going forward. In 2015, we've got a number of catalysts on the EpiFix side of things. It's important to note that in 2014, we penetrated less than 5% of the DFU, VLU, and pressure ulcer market. Additionally, we had less than 50% of the private-pay insurance in 2014, and we're growing that substantially this year. Also, we were only in about 50% of the wound care clinics by the end of the year in the United States. So we've got a lot of territory and area to move forward this year."
Additionally, we had less than 50% of the private-pay insurance in 2014, and we're growing that substantially this year. Imagine that how_bout.
I agree with everything you have said here Doc. Covered lives alone won't dictate the price, but I'm still glad we didn't have to lose any today. I'm probably guilty of voting with my wallet. We are both large shareholders here, and I am convinced that the ruling announced today is a positive for our stock. The ruling today also increases the chances of a Republican winning the White House next year. It would not have been popular to end the subsidies going into an election year and the Republicans would have been blamed.
The market was down yesterday Doc, but the market is down today too. Covered lives do matter to the revenues of this company.
That dummy how_about is trying to tell me the Supreme Court decision was a non-event, but the stock is breaking out and running now. We are going over $12 for the first time ever by the end of this week.
I've been in this stock for 5 years and I'm hoping we can gain some real traction and positive momentum now. We have sure had more than our fair share of unexpected setbacks. Overturning the subsidies now would have created a huge mess, and it appears that we have the wind at our back now.
You call this a non-event for MiMedx? Explain to me how a growth company like MiMedx would have benefited from losing covered lives? Do you think it was pure coincidence that the stock fell hard the day before the announcement, and has rallied sharply since the decision was announced?
Did you like the system before when uninsured people without any ability to pay were treated in hospital emergency rooms? My taxpayer dollars were paying before ObamaCare and they are still paying now.
Earth did get his wish and it is great news for MiMedx and my MiMedx stock!
MiMedx usually struggles in the first quarter while their salesmen try to explain all the complex changes in the new CMS pricing along with the new rules. I can only imagine the nightmare the salesmen would have faced if the subsidies were overturned. The rules of the game would be constantly changing. This is a big problem Pete faces already with the FDA. It would have been compounded now if those subsidies had been overturned. The final vote turned out 6-3 as I expected, but I wasn't willing to wager on my opinion.
We agree to disagree here Volstate although I enjoy reading your opinions on this message board and usually agree with you. Maybe I am just voting my wallet here, but I don't see any good coming from overturning the subsidies now. I don't believe that overturning the subsidies will overturn Obamacare, and it will throw the insurance markets into total chaos. I don't see a quick fix to the mess that will ensue either. Stocks of insurance companies, hospitals and healthcare companies will suffer. Quite honestly, I can't see how overturning subsidies will help my MiMedx stock either. This is a growth story. We don't want to lose covered lives, and it isn't just the people getting the subsidies either.
At the end of the day, I think the Supreme Court will uphold the subsidies and my concerns will become a moot point, but I wouldn't bet any money on my opinion either.
Roberts and Kennedy are both Republicans and both have said publicly they don't like Obamacare. Kennedy went one step further a few years ago when he said he thought the law was unconstitutional. Both these men though see the magnitude of their decision Minny. It is just my opinion here, but if they overturn the subsidies now, we will see the DOW drop 3000-4000 points in the next 6 weeks. A lot of businesses will be negatively impacted by that decision.