Amazing the story never changes despite 15 years as a biblically traded company. Same old ridiculous predictions. Arena is stuck in mud so long as Jack is CEO.
I totally agree about Arena's intrinsic value when compared to peers but why exactly are we sitting at $2.80 and not $12.80 after 15 years?
What a nightmare. In 2012, I was thinking Arena could buy Acadia given similar technologies and Arena's market cap of $3B. In 2015, Acadia could buy Arena for a song and Acadia's market cap of $4B. Talk about a well runned company. I'm not talking about Arena either.
Seems like Arena is getting younger by the day. Used to be an adult at $3B market cap. Used to be a toddler at $1B market cap. now an infant at $600M market cap.
Jack has discovered the fountain of youth! Way to go Jacko! We knew you had it in you.
Exactly my point. Martin Shkreli would have Arena at $5B market cap in no time. Jack is out of time and out of touch but too dumb to see it. Meanwhile, Arena is crumbling to pieces under the weight of his incompetence.
Who cares! Who cares! No one. Arena price was $8 with a short interest of 67 million. Now Arena price is $2.60 with a short interest of 27 million. That is not good news. Down 50% in 1 month. Quit your yammering.
Year 2000 with 85 employees. Fast forward 15 years, 325 employees with only 1 FDA approved product to show. The same team that took 10 years to develop ADP-356 or lorcaserin is working on ADP-334. See you in 10 more years. Utter incompetence and no sense of urgency for anyone at Arena.
Pharmas with less have 10x the market cap of Arena! No joking. 10x. Jack is the epitome of failure. Even a 29 year old punk like Martin Shkreli who has no experience in the health care or bio research sector started up 2 pharmas with no products, no pipeline, no patents with market caps 2x 3x that of Arena's. Jack should be embarrassed to heck.
No confidence in Arena. The last CC was a disaster. Jack couldn't even remember the pipeline and was corrected by who? An analyst. Sheesh. Sad state of affairs. Don't get me wrong. I have made big money trading in and out of Arena over the years but I've reached a point where I want to buy and hold and forget, like ACAD like RCPT. Jack makes this strategy impossible. He is utterly incompetent to the nth degree, mumbling and bumbling through CC and any other opportunity to increase shareholder value. The loser must go.
We need this now more than ever. What a waste of a company. What a waste of a pipeline. What a waste of patents. And for what? A waste of a CEO.
Even as markets turn around Arena is left choking on the dust. Market cap of $600M now significantly limits Arena's ability to raise funds, to attract new retail and institutional shareholders, to advance the pipeline. Jack Lief is the absolute worst of the worst.
So I now repeat. So in 2000, the market cap was $336M. Arena at that time had 85 employees. Fast forward 15 years to today where the market cap is a meager $600M but wait... Wait for it... Wait for it... Outstanding shares? 242 million shares. Almost 1000% increase in outstanding shares for a 80% increase in share price. What a joke! It speaks volumes in regards to the extent and degree of failure.
He is about as useless as they come. Fiscally reckless and completely incompetent when it comes to managing and promoting the business and image of Arena. Jack Lief is truly the great destroyer of wealth.
It's all about perception. Any other CEO would have had this company at $5B market cap with 1 FDA approved product and extensive pipeline with potential blockbusters. But no. Jack is all about mediocrity as is Eisai.
Jack also promised to increase shareholder value as well. I guess he was actually referring to the shorts who have made bank on Arena from $13.50 to $2.60. Wow. Jack is amazing.
Jack is the great destroyer of wealth through incompetence and irresponsibility. 18 years later, Arena at a market cap of only $600M with outstanding shares increasing from 20 million to 240 million. Failure in leadership and fiscal responsibility is what we have here.
Gimme a break please. It's all manipulation. $5.15 down to $2.60 with a market cap of $600M. Sadder than sad. Keep cheering for Jack Lief.
Market up? Arena down. Market down? Arena down more. Jack has single handedly destroyed this company, bringing it to its knees with a market cap of only $600M. Even Martin Shkreli's pharma startups are worth more. He is a known basher, manipulator, and HF manager. He's only 29. Jack is a ripe 70. Unbelievable.