When you hold a conference call, then barf up horrid news without any explanation of what compensation or adjustment or cancellation there will be on the deal based on revelations, then what else can you expect? That is also my point on this CEO. You look at all the times LCI has dropped 30% - 40% in just the last 2 years and it seems to illustrate the behind the scenes elbow rubbing cronies creating buy and sell opportunities for themselves while sending the small investor herd running in the opposite direction. No? Ok I'll accept that I'm FOS, but I personally don't understand why the SEC ignores company charades like this IF they were doing their job to protect all investors and not just those in lucrative positions who have no scruples or moral compass. That includes especially the likes of GS, MS, to name a couple.
Since March 2014, about one year and 7 months.
Mar. 11, 2014 share price 44.00
April 8, 2014 share price 30.91 down -29%.
June 24, 2014 share price 49.96
August 5, 2014 share price 34.77 down -30%
Oct. 28, 2014 share price 56.25
Dec. 2014 share price 40.50 down -28%
April 7, 2015 share price 69.87
Nov. 10, 2015 share price 36.00 down -48%
Yes, LCI really has some impressive financials doesn't it?
It would appear to me that it is on ongoing con game of share price manipulations and orchestrated bits of company news intended to present buying and selling opportunities for those privileged enough to know the screw-over details. What a great strong company. Don't you just admire the CEO and his gang of corrupted corporate schemes?
Well, it is pathetic. A conference call that everyone interprets as a failed deal and no further explanation at all to investors. I can't help but suspect that he has prostituted himself to manipulate share price lower. Consider that the last month or so, articles of how LCI was the fastest growing company in the US, surge of 15%+ stock price to draw investors in, then "solid earnings" and finally an abortion of a conference call completely inconsiderate lack of full explanation as to the failed acquisition, what steps will be taken to remedy the issue, that sent shares plummeting. Is anything wrong with this picture? LCI is a brothel.
Cramer. Wouldn't anyone be very impressed if their broker told them "You name any stock there is and I will immediately give it my "sell, sell, sell" or my "buy, buy, buy recommendation? My, my what expertise the babbling blabbering bonehead is blessed with. He has set up so many companies for manipulation that he would have been beheaded had he been operating in North Korea or Iran. To me, Bloomberg is so much of a breath of fresh air after watching the carnival sideshow atmosphere of CNBC and their never ending sensationalism and manipulation. That said, LCI may be financially solid (yeah, just like their earnings and conference call), but over time, you can be sure of one thing: a roller coaster ride. Very volatile..
And weak hands were just waiting for all the lies and manipulation to subside? That speaks very well for this company doesn't it? I hope you are very sure of your predictions. Because when you look at a longer term chart, like 5 years, the swings in stock price for this con game are extremely volatile. What makes you think that it won't continue?
I won't be back after getting burned by these fraud schemes. Any news is just another excuse to manipulate the stock and send small investors scrambling. To the CEO of LANNETT: Up your filthy %#$&
To manipulation schemes. From the highest flying sector, in concert ETFs dump LCI and other companies to ruin a fair game for investors. I have always hated Philadelphia. Reconfirmed. I'm waiting for a bounce from this orchestrated fraud and I will never look back at the miserable infection.
Gag. Yeah, I bet it's time to go all in.
That's quite a strange scenario, however, if true it would certainly be in character with the SEC, who essentially does nothing about anything until it reaches crisis levels and get's the public's attention or congress. SEC= do-nothing pile of u know what and it's amazing how reactive after the fact they are.
Oh, so those fundamentals are what is driving stock price down 6-7% today? Funny how that works. What a bargain. You go first and I'll watch.
There will ALWAYS be China to offset any hopes of noticeable gains. Commodity prices? No light at the end of the tunnel. What is it that X has for investors now? Maybe I should be surprised by something going on?
AA is a joke with their reinventing themselves. They've been an aluminum company for 127 years and now they are going to split up and become an aluminum company and a tech company? Aerospace company? Auto parts company? Lipstick on a pig scenario. It's no wonder that both X and AA are less than $10 a share.
At this moment Yahoo says health care stocks coming back today. Is that what one of the best performing stocks over the last 3 years has done today? I guess LCI is just a sick dog in disguise. yeah, right... it's a bounce back and were down 8% today and that's after a slight recovery from lower. There is no good advice.
It's a consequence that investors are questioning today on CNBC. When an idea sparks total ETF sell offs or spike to the upside because of the massive exit or entry of entire sectors. Anything remotely connected to that sector, even "fastest growing US companies" and stocks with great fundamentals will be roadkill.
Yes, I agree. There IS a reason why new drugs are expensive. Money backing drug trials is a big gamble and it's an expensive process. Once drugs make it to market they slowly drop in price. New drug introduction or financial support for them will slow down due to the Hillary hysteria, which everyone should know is just good old country politics, ie.,"I will lower taxes, I will lower the high cost of health care...blah blah ". The consensus is that ETFs rush to dump any bad news stocks or sectors to maintain their returns or minimize losses. It puts undue pressure on companies and sectors that would otherwise not experience such wild swings. Wall street needs reform much worse than bio-tech.
Yes, and it's worrisome that moving forward, the main focus will be on government control of drug companies. Never any good from government intervention, not to mention they can drag out this kind of phony charade for many months.
Could be some manipulation going on. I would not want to be short at next earnings call though. As far as the big bashing of pharma stocks lately, I don't think Lannett is so much on the radar as some other drug companies. They are characterized as generic drug mfg already. That means cheaper drug prices to most people.
I always hear LCI discussed in terms of it being a generic drug manufacturer. That generic labeling is in contrast to the recent Hillary hype about price gouging. Consumers typically look for generic relief from high priced drugs. I think LCI is just caught up in the sector bash and considering it has run up significantly lately especially with their latest acquisition, it's just being "short" targeted. I sold my position yesterday but once I get the feeling that the smoke has cleared, I will buy back and hopefully gain some shares.