They now have $1.50 per share net in cash (without future $283 million in payments to be received).
You can buy the company and pay for it with its own cash !!!!!!!!!!!
they will focus on late stage projects,
cut expenses dramatically with the sale of Zohydro,
AND they have cut losses.
Can't possibly stay at these prices.
Sentiment: Strong Buy
I didn't see their name on the agenda.
Nor did I see any press releases regarding their attendance.
From the conference
Video shows an incredibly thin MacBook. Cook is now holding it up. “Can you even see it, I can’t even feel it!”
You get a sign stating that you really have one.......but you just can see it!
Gold is soaring in all currencies that are declining. However it dropping in US dollar terms because of the strengthening dollar. This despite worldwide buying by all central banks.
The same for Nokia. Stronger dollar means it takes fewer dollars to buy a share.
Quite simple really.
Should the dollar begin a collapse, you'll need more dollars to buy a share, and the of Nokia stock will soar.
My take.......go with their biggest competitor...Mylan Labs.
They've been trying to keep Zogenix out of this space all year.
ZGNX has been building a base since last August until this February. That's quite a while.
It just broke out a few weeks ago.
They say the longer the base, the higher to space.
My personal opinion.......buyout coming.
The buying pressure over the last few days isn't coming out of the blue.
I'd die laughing if it turned out to be Mylan Labs!
that appears to be the price target among analysts....between $6- $7 per share.
All small biotechs are severely undervalued, and many with a viable pipeline will be gobbled up by big pharma.
We are gonna run!