Actively working on assessing feasibility and development of a rapid Ebola test, with tremendous interest and support from outside organizations, gov't., potential partners, etc. Feels their platform is suitable for an Ebola test and no company is in a stronger position than OraSure and their platform to develop a successful test, with necessary accuracy, etc. No commercialization timeline given, but reports great urgency and collaboration within company and regulatory/health/private organizations. "Materials" for the development effort received from outside organizations in the last couple of weeks. Expects several milestones to be met this quarter. Conference call from their website at http://edge.media-server.com/m/p/8gk7o9vd/lan/en CEO comments on Ebola at 23:20, Q/A comments 40:25. Other businesses reported to be healthy and growing. Long position.
Think the airlines have to go to a passenger testing model; they can't rely on people's honesty about their Ebola exposure. OSUR makes a 30 minute HIV test. FDA met with them October 14 about developing an Ebola test. They have a conference call scheduled for Nov 5 in which "certain business developments" will be discussed. http://www.mcall.com/business/mc-orasure-fda-visit-20141014-story.html
S&P Capitol IQ estimates 42% of Campbells stock is owned by Directors and Senior Management. Does anyone have any data on the percent of stock buybacks that were treasuried or retired vs. granted in stock options? This dimension is a real scam with many large companies these days, fueled by preferential tax rates given to long term capital gains vs. earned income. Companies plow their earnings into buybacks rather than dividends or investments, and gradually increase ownership by insiders over the stockholders. Investing 101 I know.
But I'm interested in how this 42% compares with other companies, and how the dynamic plays into acceptance of a takeover bid. Insider reluctance to give up a gravy-train, vs. someone finally coming in and generating shareholder value - either forcing the company private, or absorbing it into a more productive entity. Think Heinz.