Most stock in the sector plunge sooner or later.
The sector is a replacing oil companies.
the worst ones are the small and mid caps. ENDP, AMAG, ACOR, MNK, VRX...
Monday will be HZNP turn.
Well, even some of big caps like GILD and CELG are dragged down.
Investors need to clear their minds. Stay away from the sector since it will be acting like oil companies in past 2 years. Some of small caps may go out of business anyway.
The bus went down the hill and it will stop eventually, may be as today. Then it will go in a heavy gear to go up the hill. it is better to ride it up.
First, VRX is almost in BK because of its huge debt.
Second, ACOR is struggling to get some income and it has to do some cutting in every area including development.
Third, ACOR has been one trick pony and that pony is getting sick and becomes weak.
ACOR has to drop more to be attractive. Prices between $15 to $20 should be interesting.
Yahoo says TW base salary is $2.52m but actually it is more than $90m.
It will recover some, dead cat bounce or whatever you want to call it.
The following are what I can think
1- HZNP can be banned from selling some of expensive drugs like D and V drugs.
2- HZNP can be forced to lower its prices significantly.
3- Insurance companies PBM may be forced to find alternative to HZNP drugs.
But, but negativity will cause the most problem and loss of doctors to prescribe HZNP drugs.
HZNP is a small copy of VRX and this model is dead so the companies that were created this way are dead too.
Well, ginger was insisting on new channel ($18 to $20), wrong by a few miles.
You are saying $16 to $18.50 and you are wrong too since already in $15s.
HZNP has become a high risk and unpredictable stock, it is a scratch copy of VRX and it is acting like VRX.
You may see much lower prices and even a single price when current investigations expands.
Do not throw good money after bad. Avoid risks, save your capital and exit, exit at this point since it may get much worse.
Sentiment: Strong Sell
Walbert's Pay 10-Fold to $93.4 Million for 2015.
Is this reward for DEPO acquisition failure or for high priced and useless Crealta acquisition?
Well, I think if government investigation or lawsuits or failed drugs do not BK HZNP, its CEO pay will.
At the end of the day either you have to be drunk or drowsy to not feel the pain.
By the time you gain anything then you have to spend it on some medicine since the side effect of holding HZNP is strong. Tim himself is on medication as he said once in a CC.
May be you are right 'subpeona' is nonsense but subpoena makes a lot of sense. Usually it leads to more investigations, fine and other actions. Taking a 5th like shkreli should not be forgotten.
The one who bought at 14.50 will enjoy it now and more later.
Do not pay attention to HZNP trolls who come from dark side to affect DEPO. They do not have any interest but bash DEPO which much cleaner than dirty HZNP.