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Astex Pharmaceuticals, Inc. Message Board

jelly1126 6 posts  |  Last Activity: Nov 20, 2014 2:18 PM Member since: Sep 24, 2002
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  • Reply to

    Why would you pay $29.27 when the offering is $27?

    by mtay515 Nov 20, 2014 1:53 PM
    jelly1126 jelly1126 Nov 20, 2014 2:18 PM Flag

    The $27 offering price was much too low.

    The original price was 34/33, and the stock has been hammered mercilessly ever since the announcement. As you know, the company is receiving nothing for this, so they have no stake in what price the offering goes off at. I suspect the selling shareholders wanted to be sure their shares would sell so they priced them to sell. Once the market gobbled up those shares the stock was finally allowed to seek out its real price.

    Since these shares do not represent dilution, and the company did not disappoint with earnings, I expect the stock to finally settle closer to the $33 mark than $27.

    BTW, I got some in the follow on. They go very nicely with my IPO shares... I am happy.

  • Reply to

    Like I told you......NOTHING SPECIAL

    by james-hornback Nov 6, 2014 5:46 PM
    jelly1126 jelly1126 Nov 6, 2014 6:28 PM Flag

    You're funny. Net income is .90 per share and that is a GAAP number so treat it as real. Let's do some math...

    Assuming zero growth, the company makes 3.60 in a year. Let's say current price is 61. That gives us a PE of slightly less than 17.

    Consider that they guided to 50% PLUS growth, and we would actually see next years earnings at 5.40. and with a 17 PE we see $91 per share in 12 months.

    I'll take it, given that those are conservative numbers.

  • Reply to

    5000 more short at 61

    by sakhaneft Nov 5, 2014 9:38 AM
    jelly1126 jelly1126 Nov 6, 2014 4:48 PM Flag

    Just curious if you are still planning to stay with this trade. The knee jerk reaction to sell is the built in response to any earnings report this quarter, but the earnings were better than expected and the guidance is higher.

  • Reply to

    Earnings Out

    by jelly1126 Nov 5, 2014 4:43 PM
    jelly1126 jelly1126 Nov 5, 2014 4:55 PM Flag

    Yes, it is definitely a non GAAP number, and a company like this is able to fudge on a lot of "one time items." That's why I am looking for corrections.

    Maybe "color" is a better word than "corrections." ;-)

  • jelly1126 by jelly1126 Nov 5, 2014 4:43 PM Flag

    Looks like .15 after adjustments. I am new to this stock, so I welcome any corrections.

  • Reply to

    Just shorted at 222

    by qp6266 Oct 31, 2014 8:33 AM
    jelly1126 jelly1126 Oct 31, 2014 11:24 AM Flag

    How does a company with zero earnings accumulate 2 Billion in cash and short term investments? Stop spouting GAAP... it's just another shade of grey. Cash flow is king.

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