SNY said sometime ago that they do not believe PFE are even interested, with Astrazenica post Brexit and a 10% drop in the pound things may have gotten a little too expensive for them (or any European company) That leaves rumors as to who is really approaching them. SNF may feel that if they are the only potential suitor MDVN will have to deal with them, their confidence about the board vote would suggest they have the assurance of some big holders. If a buyout fails we may well see the $30 - $40 range again before we see a higher price.
( a quick selloff followed by a day of relative calm and price recovery)
So, do you believe we will see a day of relative calm and price recovery tomorrow? Friday was quite easy on Exel if it was a knee jerk reaction, many believe we will see a lot more turmoil in the coming week, l prefer your scenario.
In my opinion, Adam Feurerstein is a scam artist, he sank IMMU just before Asco with trumped up procedural bs, (I do not own IMMU) he is very devious when it comes to sinking the opposition. Cramer isn't too far behind in my opinion either.
"if it wasn't for us they'd all be speaking German, same with France."
What an #$%$, You have no grasp on history or reality
We did a lot better than many today, I expected worse on day one of a Brexit "leave" vote. So many factors in play right now with regard to Brexit,. We really don't know if this is the beginning of something much worse or not. I hope that a weekend of reflection brings with it some stability. Exel showed a lot of strength compared to most.
'does she go, eh, does she go, eh? '
I can hear Eric Idle now... Know what I mean, Know what I mean, nods as good as a wink to a blind bat!
It's going to be ugly. Now Scotland are talking about independence from the UK, the DAX and CAC are getting hammered. This will be a blow to US companies using Britain as a gateway to the EU. Soros said this my send us into recession I sure hope not, things were just starting to shape up a little. The pound should fall against the dollar but I'm not sure the Euro will sustain long term damage. Exel will receive a percentage of sales in Europe so I would guess there could be some impact.
Polls seem to be leaning towards the "stay" group, if you are out of the market you may miss the upturn completely if it is swift but save yourself some pain if the "leave " group win. I think you need to make your bet and consider any drop in Exel will be temporary. I have made my bet that they stay.
"let's shoot for $8.25 by the end of the week"
It all depends on the Brexit vote Thursday, if they choose to leave the EU nothing will be green on Friday, conversely we could have a stellar day on Friday if they choose to stay.
Lets hope for the best.
"It's highly unlikely they are leaving the EU"
Perhaps, I hope you are correct rr, The "Leave" crowd have a three percent lead in the polls but I think with N Ireland, Scotland and Gibraltar voting to "Stay" the Stay" side might just do it. If the vote goes in favor of staying we should see a nice relief rally; that might be the perfect time for Exel to receive some good news, like EMA approval. Good Luck.
I think the shadow of the Brexit fiasco is already working against us. EMA timing is unfortunate given the volatility that this is creating. On a clear day we would have had a stellar finish. I think we will get there but the headwinds may cost us in the short term. Good Luck
(dart, I have options out all the way to Jan 2018)
" I believe SNY is now going after BMRN."
The fact that you and Lurker own BMRN wouldn't have anything to do with your opinion on this would it?
I think the article made some valid points about valuation, (although anything is possible) I would imagine SNY are too cheap to go after a company as pricey as BMRN
"some have speculated, Sanofi leaked these rumors to drive down Medivation's share prices. "This is just kind of more of Sanofi's tactical gamesmanship," said a source familiar with the matter who asked for anonymity, claiming that Sanofi is using rumors to drive down."
I am more inclined to believe this of Sanofi.
Wow, I thought for a moment I was on the INO board, this must be the CLDX political trash talk board that everyone (with a brain) wants to avoid....