Yes...and was already disclosed in the October conference call. When sales are decreasing, it's time to trim the fat, and boy is there a lot of fat in the USA!
I agree duck, but it wouln't hurt to start a position now. I almost always make 3 separate purchases when I go into an equity. You can never catch the bottom....never!
Good news for sure! Let's hope the immune responses are off the charts as well. We'll know by end of the year whether the Ebola vaccine is working or not. This stock is going to explode if it its. I think we might know earlier if the price keeps going up. We all know the big boys get leaked the good/bad news before it his the wires.
You are back? I thought you took your short ball home after the beating you took?
I will add that if you have looked at the charts for GSK lately...we are currently in an upward trend with higher highs and higher lows. I don't want to jinx it, but it appears to me that there is major accumulation going on right now.
"Will this stock go back to the mid 50s?"
Only God knows my friend! We can only make educated guesses, and I would say that the $50s are a high probability. There is a ~$2.66 per share payout coming towards the end of the 1st haff 2015 as a result of the Novartis deal. If you then pile on the other normal quarterly dividends, we are looking at a nice return on our investments without any appreciation of the share price. The Ebola vaccine is just icing on the cake if you ask me. GLTA!
PS...I loaded up on GSK a month ago, and am doing very well to this point. Let's keep it going!!!
Off to Ignoristan to you! :) I've been around a long time, and yes, I do have much more to learn. I do know a good investment when I find one, and ARNA will pay off eventually. Too many fat people in the world that have NO will power to get it done. Belviq gives you that will power to put the donut down! . No other novel drug on the market can do that.
You are better off putting your hard earned dollars in ETFs than over priced hedge funds as well! Can't even beat the S&P, can you Hedgie? You wouldn't be involved in ARNA if you were successful in the market. :)
What are talking about? I'm up over 25% this year, while holding this pig in my portfolio. I'm doing just fine holding ARNA! 😃
"One of the most amusing phrases on Wall Street is "smart money."
This phrase is used to describe the handful of professional investors whose abilities and foresight are thought to be so acute that they spot the big moneymaking opportunities before the average Joe Pro.
The smartest of the "smart money" is thought to be hedge funds.
A look at recent performance suggests that hedge funds are indeed extremely smart money, though not in the way that most people think.
As the chart below shows, on average, hedge funds are no smarter about picking stocks or other investments than anyone else. In fact, they're decidedly, startlingly worse.
The blue line in the chart below is the relative performance of the average hedge fund since 2010. The purple line is the relative performance of the S&P 500.
But hedge funds are absolutely brilliant moneymaking opportunities for those who run and work for them.
The fees on a well-run S&P 500 index fund are about 20 basis points a year.
That means that, every year, for every $1 billion a fund has under management, the fund manager makes $2 million.
The annual fees on a dime-a-dozen hedge fund, meanwhile, are "2 and 20" — 2% of assets and 20% of any gains, regardless of whether the gains are the result of the fund manager's activities or simply a rising market.
That means that, for every $1 billion under management, the hedge fund rakes in $20 million per year. And if the market should rise, say, 20% in a year, the fund will collect another $40 million.
Put differently, in a year in which the market goes up 20%, the manager of a $1 billion S&P 500 index fund will make $2 million. The manager of a hedge fund that performs in line with the market, meanwhile (which most haven't in recent years), will make $60 million.
Smart money, indeed!"
Fact is that a lot of Hedge Funds are getting their collective #$%$ kicked this year. Einhorn is one of them. Ironically, you are better off putting your net worth in SPY than giving some of it to a HEDGE FUND.
ARNA is just a speculative play that needs to play out. Holding, holding and holding some more.