No they don't; they have a negative EPS which means they are not making any money and are in the RED. Nice try pumper.
is cherry picking again. Check out BMRN (oh gee, another bio). Interesting enough that Emil Kakkis who is on the RARE board (insider) "retired" from Biomarin but at one time held 10 million shares of the stock. Why do you think there are so many new start ups of these so called bio wonders? The insiders pay themselves millions and move on to create or work for a new pump and dump stock that ALL have negative EPS. They award themselves free shares or get them for 1/2 the share price and sell out before you will ever know. It's only posted that they sold after the fact. Is that so hard to figure out? Who do you think is dumping the shares and causing SGEN to lose $2.00 a share in one day? Oh, I forgot-I'm on ignore. Maybe someone else will read this and save themselves a lot of pain. Buy a legitimate stock and quit dreaming. At least get a dividend.
Probably insiders (maybe Kakkis). These doctors start up new bios and leave bagholders after selling their 10 million shares only to "retire" and move on. Check out the action in BMRN and who was at the helm. There's a definite pattern going on here and no one gets caught. As soon as someone sees the word "Doctor" in front of the name as the CEO they become trusting. Beware-most bios are scams and many are out of business. Look at PANC and DNDN-many have lost a ton of money. Any time you see an EPS with a negative number in front-they are bleeding cash and are only interested in collecting huge salaries until everything is exhausted and then they move on a do another bio startup. The money runs low and they do a second offering or a reverse stock split. Look at SGEN and ISIS (only to name a few others).
Silver-Something to think about. For slightly more money HCP has a PE of 18 (unlike the negative EPS of SGEN). It pays a div. of 5.30% and is a healthcare REIT. It has come off of its highs and there are plenty of aging baby boomers to occupy these medical buildings/hospitals. Why not get an income each quarter with a chance to gain in share price? Do what you want but I don't know anyone who is not getting older or in need of medical housing at some point in their life. Why not cash in on this largest aging generation of all time? Good luck to you.
Are your findings based on the negative EPS? That means they are bleeding money so until that becomes positive I say we coast for a while until their next earnings report. This will take time but I do believe in the future they will turn positive but not FLY for no reason and run quickly to $8.00. What do you base that on besides hype? That's what's wrong with these boards; they are not realistic. The upgrade was nice but look what happened.
They have 582 employees. They don't even make enough money for payroll let alone a profit since management is lining their own pockets first.
People want money in one or two days. As soon as a stock slightly corrects everyone panics and runs for the hills.
Maybe they wanted to get the shorts out of the way since they were dragging the stock down but it only lasted a few hrs. The shorts covered and the smart cashed out.
Buy a backup plan. GRPN upgraded today and the open was huge. Now it has cooled off and is lower than yesterdays close. Might be good for a quick one to make up for Yhoo's tank today. Yes, this is a pump but a reasonable one. YHOO is going to do great and I own PLENTY of shares but diversifying is the answer. Good Luck to All-
and a PE over 500 plus. OUCH-But hey, people don't seem to care. I think GRPN with the tank after the open is a better deal.