KItty...This is the only major antibiotic company left untaken besides TTPH (for the moment)...
The conclusion is obvious. This company is going to the highest bidder within the next six months...
Read "Briefings Comments"... If they in fact stated that at the WFC conference this has to be the
best buy of 2014...Has anyone listened to the presentation?
Trading CEMP can be hazardous to your health. You'll wake up some beautiful sunny day and it will be taken over for $23 plus and you'll be out of the stock. Happened to people in DRTX and TSRX and for all purposes efffectively those who sold in the teens TTPH (like I did by the way...ugh!)... Just hold this stock and look at it once a month through 2015...lol..
No...Have not bought CTIX yet. Like the prospects for their antibiotic but hate the number of shares outstanding...(115 mil plus); the market cap...Near $500 mil? Lack of cash (only 7 mil)...40 mil in debt.
And prospects for approval at least 2-3 years off it not longer? Ideal for a large partner frankly but I could see them doing a reverse split down the road first. Will watch it though and thanks for the mention...
Great news today for sure, but I may nibble at some profits if it stays at the 70's level tomorrow even though I think $100 before year end could be "doable"... The news was definitely outstanding, but reading the release it seems we still have 3 subjects from the second phase of the small trial with still unknown results. 2 subjects with the same condition as the first four (4) who are now totally transfusion free, but with these two subjects, it is still a yet an unknown resolution as to efficacy (as it is "early" in the process).. Then there is one subject who has full on sickle cell...Again, he has an unknown resolution thus far as to efficacy ( as it is early in the process). These unkown results could drive the stock up 20 or more points if positive, or down 20 or more if they are negative. Just want to take some risk off the table. IMHO...
Do any of you folks own CNAT? A physician mentioned it to me recently during a discussion on the stock market during my physical! LOL... Drug to treat major liver conditions like cirrhosis, etc. Anyone here own it?
TIA...No more OT posts I promise....
Sudn- OT Re CTIX....
The antibiotic looks interesting for sure...The valuation of the company at around 500 million doesn't.
115 mil shares outstanding. Only 7 mil in cash. 45 mil in debt...and a LONG way to go to approval and
lots more money. It's about the same valuation now as CEMP which has completed it's Phase 3 and waiting for results in 1H2015. They have 75 mil in cash. Both companies have around 40 mil in debt.
If 750 mil is the going price for a first in class antibiotic per the recent buyouts of TSRX and DRTX, this
leaves little room for apprciation even once their antibiotic in approved in 2-4 years. Therein lies the problem as I see it. What they need badly is a big pharma type partner. That and probably a 1:3 reverse stock split down the road. Will definitely watch it though but right now I am in CEMP large from the 9's so sticking with that name.
Pullback probably, but by this time next year CEMP will be gonzo from between $23-$26...
Anyone else here own BLUE? Man...got lucky with that name, and it given to me by a fellow
then Board member of Siga...Agean at $34... Pays to be respectful of all views on a message
CEMP should be taken over IMHO, but normally it will not happen until they file an NDA and that is accepted for review. That's what happened with both TSRX and DRTX. Any buyer woudld want to be sure that approval is basically in the bag, and that a date is set for final FDA review, before spending 650 million or more to buy a company.
What good would a dividend cut to 9% do if SDRL was yielding 18% and the stock still fell from $40 to $20??
The dividend was not helping support the price of the stock one iota. So now they have 2 billion a year freed up to pay down debt...buy stock back (hopefully they have been doing that the last two weeks or so), or both.
Better way to spend money then paying a huge dividend that does nothing to support the stock price.
Sure....Every oil company and MLP should have seen the fall of oil from $115 in July of this year to $65 in December. That happens all the time. I think at least once in every decade. Come on man...Get those rose colored 20/20 hindsight glasses off and man up. Nobody saw THIS coming.
LOL Kitty...Understand, as I was raised probably much like you were, but still can't help going through life with little 6th senses and general non scientific beliefs like karma, etc. Could never buy a stock with the symbol ISIS...lol! For some new bio ideas check out: RLYP..have owned since the 18's...CNAT...Just bought that name....BLUE and KITE; DSCI....
I've now basically run out of the antibiotic sector too, except for large holdings in
CEMP. We all seem to have gotten the big 3 thus far...TSRX...DRTX...and TTPH... (sold way too early.. high teens). CEMP is going to round out the two
year Quinella...LOL! GLTALs!
I'm half Irish so kinda superstitious....Would not buy a stock say with say the symbol...DOG.... LOL...
Will not buy any stock with the symbol ISIS for obvious reasons right now.... May be crazy, but
thus far in my fairly long life, it has worked for me...lol! That and alot of DD...LOL!