Just in a holding pattern right now waiting for data. There is not much to do until they have a few months with patients being treated at MDT. Unless they are secretly out there marketing the company for partnership or buyer, which we won't know until one morning we check the sticker and the stock is 200% higher. That is the beauty here. You are not going to log on and see the stock down another 50%, but it is very likely that one day in the next year or two you will log on and see it 200% to 1000% higher.
They do have a pipeline of other drugs and the cash flow from HCV makes them worth much more than pre 2014 levels. $100 was a fair value for a slow growth high cash flow stock, $80 is very very oversold and they would be silly to not buy back the stock at that price. Leave the last few shareholders holding the entire company and massive profits.
Amgen down 2% today.
Skip, you bet! I know we will visit the Orlando area because my wife wants to go to Disney World. Most of our time will be down at the Keys and I would love to have you come out on the boat with us (it is small but does manage 6.5 knots in a good breeze).
Well actually if you take it to the extreme, if both people are consenting adults then really there should be no problem with incest or LGBQT. If a person can be born gay and we support their right to choose their partner then I guess a person can be born attracted to someone they are related to. The key is consenting adults with no coercion.
#4 is the simple answer and Occam's razor principle points to it.
They want to keep money for salary and bonus for as long as they can under any metal price scenario. Buying debt doesn't save money for salary and bonus and could mean an earlier end to TC than EOY 2017 if metal prices collapse. Perron has already shown himself to be unwilling to take risk. He is hoarding cash such that TC remains in business right up until the point they can't afford to meet obligations.
But they will have a excellent mine safety record as the lights turn off.
I did see that. The 2018 is trading several points higher than the 2019 now too. But it was interesting that the 2017 is now above par.
My Mega Millions lottery ticket stock is still Endocyte. It is struggling along at $3.40 a share with $3.60 a share in cash. Management was giddy at the recent CC about the current drugs in the pipeline (treating cancer by tricking tumors into accepting a poison chemical that only unlocks inside the cancer cell) and they are starting to see positive results even at less than maximum dose. One morning I hope to wake up and it is $200 a share instead of $3.40 (this has happened before with similar bios)
Thanks. I probably am making a poor decision. I have been known to do that a lot.
We are not taking a vacation, we are making a lifestyle change and full timing in a RV. Internet will be sporatic and mail will involve delays and forwarding.
You know as well as I do that the common is very risky. The bonds were (are) risky as well. Be that as it may, nobody should say the common WILL get wiped out. There is some chance it will recover and even go up 5x or more from here.
If copper had recovered to $2.50 or higher, I would have held on, but the lack of debt buying and low price of copper just was too much.
I really do hope the common shares shine and everyone makes posts about how Light was stupid for leaving at the bottom.
Me too. Unlike some, I bear no ill will toward the longs and respect their position. I hope they all make a ton of cash and are polite enough not to make fun of me for selling out.
Yeah, the traveling and the fact that the risk/reward was not nearly as good as it was when we were buying in the teens, low 20s.
I unloaded $40k, will dump some more soon as the bid recovers. Will not be buying the 2017, that would be stupid.
Perron is always talking about mine safety. Of course if they shut down the mine and sent everyone home the safety record would be 100%. He would be quite proud of that.