Brian, I might suggest that if you aren't prepared to run with the big dogs, then get off the front porch. Most of us on this message board are long term investors with a pretty good understanding of what we are invested in. Traders don't often know what they are buying or selling, nor do they care.
If you want to know for sure, then ask this clown on the message board named halloweencandy. If he says it is going down, then the price is going up and visa versa. Just do the exact opposite of what this clown says, and you will have 100% success guaranteed.
The conference call was positive. I suspected there would be some profit taking in early January since the stock has more than doubled in the past 6 months. Today appears to be some profit taking, and a lot of short selling.
The stock closed in 2014 at around $11.50. I thought and still think we should be closer to $14 than $9.25 now. Time and a little patience will correct this.
The company has lost over 200 million in market cap in 10 minutes. I doubt there is any impropriety here, but in a worst case scenario, the monetary fine from the government would never be 200 million dollars.
"I am not a lawyer, but my understanding is no charges have been filed against mdxg, this is an investigation. However mdxg has already filed a Federal Lawsuit against Organogensis who one could assume has put a bug in the ear of the Feds. Mdxg is also claiming that Organogeneis might be the reason Mdxg was singled out for the untitled letter when there were 9 other companies in a similar business who recieved no untitled letter."
Well stated old_wisetrader. My sentiment exactly. I actually think this investigation, and the events of December 31 will work out to be a positive for this company. I wonder at this point if the company is aware of the specific corrupt individuals inside the federal agencies. I'd like to see these individuals exposed and taken to the woodshed.
Are my one of the few that look at the events on December 31 as a positive? Why did the FDA post the MiMedx Untitled Letter on their website while others like Osiris were not published? These other companies were afforded the time for investigation and negotiation with the agency. MiMedx was not. This was not a fluke anymore than the heavy short interest here is a fluke. I'm glad to see the corruption in the system has been exposed now, and I'm comfortable letting this process play out here.
The government has launched an investigation into the corruption at MiMedx? They out to be doing an internal investigation into the corruption inside their various agencies.
I really have to hand it to you. Most people would not have the gonads to keep showing up after they had made such a complete and total fool of themselves so many times. It isn't the most enviable trait to be so opinionated, but especially when you are constantly wrong, and you act so stupid all of the time.
I have to disagree here. More hassle from the FDA would likely cause the company to be sold sooner rather than later. The sales price might be less, but the timetable would be shorter. OWT hit the nail on the head and expressed my thoughts exactly. This press release was bold, and it helps fend off these lawsuits from the Untitled Letter in August 2013. I have thought for a long time that the FDA publishing that Untitled Letter on their website was unfair. This type of discrimination seems far too political and inconsistent to me.
I don't see how MiMedx has anything to do with the Gilead story, and besides GILD is down 3% today. We are down 2.5 times that much.
The FDA dropped the last bomb shell on a holiday. I doubt they give a damnnn about a holiday.
This is a very big drop without news associated.
Over 200 salesmen in 2015. Add in the sales to Zimmer and Medtronic, and you know 190 million in revenue is extremely conservative. The company is talking now about international sales too. Revenues in 2015 will be well over 200 million. By my valuation metrics, this stock deserves a 1.5 billion dollar market cap today based off of 2015 revenues, and more than that in the next 90 days.
I have thought for quite some time that Pete will be looking for some multiple on 400 million of revenue. I like the sound of a 10 multiple. I sure hope you are right. 10 seems a bit rich to me though. 4 billion would be a large, and probably unrealistic premium to what the company is worth today. 18 months?
I always understood from your messages on this board that you are a huge fan of Bill Taylor. Let me play devils advocate for a moment and propose a question. Why couldn't Bill run the company and Pete become Chairman in a consulting capacity? I think the general opinion on this message board is the company will be sold in 2015 or 2016 because of Pete and his age. While I don't disagree, I also feel Bill is perfectly capable if they decide to continue on as MiMedx for a few more years.
I'm not concerned about Giancarlo Stanton, but I am a little concerned about my own tax position in MiMedx. I'm part of what this candy character calls the $1 pumper club. I don't really pump the stock, but my basis is close to $1. I sure hope Pete sells this company in a stock swap rather than an all cash deal. If income taxes are my biggest worries these days, then I guess I have some high quality problems though. I think your estimate for a buyout is too low though. I think Petit sells this company for more than $18. I had thought $25, but that may need to be revised upwards soon.
It seemed like a great marketing idea to get the Upton brothers to play for the same team, but it proved to be a failed experiment. It would be better to trade BJ, but we both know that nobody will take him.
These lucrative and long term contracts don't usually work out well for the team. Guys like BJ Upton can't handle the success, the fame or the fortune. Those big contracts create big expectations, and many players just can't handle the success. They crack under the weight of all that $$$$.