170 next week with reporting at conference
Merck, Lilly, Novartis, Celgene, Bristol Meyers, all need to be in the next multi billion dollar drug coming for unmet need.
and reiterate buy recommendation on ICPT
watch for big pharma to pounce on ICPT. ONLY company in space that will dominate it.
back to 200!
11.50 to 12.00 coming next
Under the terms of Mr. Forman’s employment agreement, he will receive an annual salary of $200,000. Mr. Forman received an inducement award of performance share units (PSUs). Under the terms of the PSUs, Rentech’s total shareholder return (TSR) over a period of up to four years must be at least 50 percent for any shares to be earned under the award. The TSR must be at least 100 percent in order for Mr. Forman to earn the target of 1,008,265 shares. Mr. Forman also received an inducement grant of an option to purchase up to 1,102,491 shares of Rentech’s common stock at an exercise price of $1.24 per share. Twenty-five percent of the option will vest on December 9, 2015, and the balance will vest in equal monthly increments thereafter for the following three years. The option has a five-year term. Mr. Forman will not be eligible for a cash bonus in 2015.
Mr. Forman is entitled to earn the PSUs based on Rentech’s TSR as measured initially on the third anniversary of December 9, 2014 (the Vesting Start Date). Subject to Mr. Forman’s continued employment, he may earn 50 percent to 200 percent of the target PSUs for a TSR between 50 percent and 200 percent on the third anniversary of the Vesting Start Date. Any PSUs that have not been earned on the third anniversary may vest on the fourth anniversary based on the TSR over the full four-year period. Upon any vesting, each PSU that has been earned is settled for one share of common stock.
Brett Wong of Piper Jaffray upgraded shares of CF Industries Holdings, Inc. (NYSE: CF) on Monday to Overweight from Neutral with a price target raised to $327 from a previous $271.
According to Wong, nitrogen nutrient fundamentals appear to be favorable in 2015 and CF Industries is poised to benefit from higher capacity and an improved free cash flow in fiscal 2016. The analyst adds that expectations are strong for corn planting in the U.S., further supporting strong demand for nitrogen, especially urea and UAN as farmers move to dry application and more side-dress.
Wong adds that the recent decline in natural gas prices over the past month suggests ongoing lower prices, providing “significant upside” to his model. In addition, the company's profile will improve as capacity expansion projects come online.
RSI and MACD lines are both pointing up to accumulation going on. Stock broke above its 50 day moving average now.
and likely to drop even further. Last time nat gas was in 2's RNF was in upper 30's to low 40's. With it still down at 10 and management turmoil at the top of both parent company and RNF, it's highly likely CF or other big foreign player will make a buyout bid for parent company, merge the nitrogen operation and dump the #$%$ wood chip business.
it will be her star for the year!
looking for rebound into 12's
strong earnings and distributions in 2015 with low nat gas. Margins will grow dramatically
watch em run to cover as it breaks 50 day moving average
With the head guy getting booted its ripe for activist or takeover to happen.
I'd think they would be looking to make a premium offer while its down and dirt cheap.
This will greatly increase margins and profitability in 2015. Wouldn't be surprised to see this run back into the mid to upper 20's. Stock was grossly oversold for tax loss selling, created huge value, reason Karen Finerman is all over it down here for a big rebound up! Smart lady!