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Taro Pharmaceutical Industries Ltd. Message Board

moydegem 6 posts  |  Last Activity: Aug 8, 2014 2:17 AM Member since: Feb 14, 2012
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  • Can somebody explain this convoluted sentence?

  • Reply to

    Best day in years

    by valery164 Jun 27, 2014 4:09 PM
    moydegem moydegem Jun 28, 2014 8:59 PM Flag

    We are not equipped to find out who was buying. but we can guess based, on recent trading behavior
    here is one guessing attempt:
    Lots of suspicious behavior in Taro’s trading. An unexplained drop from 122 to 103, back to 118 and then down again to 106. Unusual inflated volume reaching one day 200K 4-5 times the normal daily average – and yet closed virtually unchanged. And then 4 days of surge, culminating in almost another 17% surge – all for no apparent reason. This is not typical institution buying! Most likely some major event is brewing behind the scene- leaked by “incident” or not to a bunch of Sun-Taro people who take advantage of their internal knowledge. As a matter of fact this 17% rise in Taro last Friday (a takeover offer at $150, for example), make me very nervous.

  • Reply to


    by ungrcanc Jun 27, 2014 9:48 AM
    moydegem moydegem Jun 27, 2014 10:44 AM Flag

    From article “Sun Pharma, Infosys, Reliance Capital in Focus Today” in ndtv
    “In another development Taro, Sun Pharma's subsidiary, has taken significant price increases for 11 products. According to Credit Suisse, Sun did not include price increases in its guidance.”
    However the article is only 10 hours old ( at time of writing), yet Taro has been on the upside for the last four days. If this is the reason, then some people were privy to this piece of information – it is safe to assume these are Sun-Taro people- so more shares went to Sun stashes.
    Given the choice: price increase, Dutch auction, or buyback- I prefer price increase , in spite of its shortcoming. Enjoly while it lasts

  • “Sun wants Taro and doesn't want to pay”,
    “In 2007 they initiated a takeover agreement that ensured a purchase price of $7.75 a share, or a negative premium of 24%.”
    “Sun's openly hostile attitude toward minority interests lead to the widespread buy-up and hording of any floated shares by everyone involved resulting in the dramatic drop in volume shown above. Sun has since had a second failed merger attempt with a negative premium,”
    “Taro initiated a reverse Dutch auction using its own cash to buy shares below-market.”
    “Sun Pharmaceuticals has been deliberately poisoning the water for years and depressing share prices with threats of forcing repurchasing at below market, allowing them ironically to purchase these shares on the market for a steal.”
    “(TARO’S) cash will be used to increase Sun's stake by reducing the number of shares outstanding.”

    The article was published in The Motely Fool, June 13th, titled: ” Why I'm Avoiding Taro Pharmaceuticals”

    I would add that the author of this article listed only a small part of the abuses Sun-Taro had inflicted on its minority- the full list is too long for one article!

    There is no question in my mind that Sun-Taro is breaching its fiduciary duty to minority and may be involved in outright illegal acts to deprive minority of their value.

    Any Taro’s minority who believes that there may be one shred of a benevolent thought in Sun-Taro’s mind toward its minority – learned nothing so far and probably will never learn.

    However, unlike the Motly’s author I am very bullish on Taro!

  • Reply to

    Today's volume

    by valery164 Jun 12, 2014 10:58 AM
    moydegem moydegem Jun 12, 2014 2:41 PM Flag

    163K shares traded and price is so narrowly traded (110.75 - 111.46, 2:36pm and PS is currently down $0.12) – very suspicious!
    Usually such a rise in volume is accompanied by a violent price swings. Not in Taro case. No news and yet volume is quadrupled; it is amazing that if one or more institutions are buying there is an immediate and available seller on the other side ready to keep the price from running away. The “coincident” is amazing – beyond any statistic and in the best tradition of Sun-Taro!
    My guess “no news” and quadruple volume means there is going to be “news” in the not distanced future. May be S-T is piling up some stashes of shares that will be tendered in a future Dutch auction, may be S-T controlled stashes are accumulating in preparation of a buyback offer ( and tramping the rule of majority of minority). Who knows? , My experience with S-T makes me think only about sinister possibilities from S-T’s side!

  • Reply to

    interesting volume spike last 2 days

    by imho_dyodd Jun 5, 2014 7:40 AM
    moydegem moydegem Jun 6, 2014 1:59 PM Flag

    When it comes to Sun_Taro give some credit to the following possibility:
    After Sun-Taro was able to knock down Taro's price down to $103 (from $122 on March), it is adding/starting new stash somewhere, Cayman ? Mauritius ? -that may explain the rise in volume.
    remember the preceding two Q's when volume picked up considerably ? we all thought the insties are buying, the insties are buying. nobody imagine that Sun-Taro will go dirty on us- well, while we don't have any proof, but probably that what happened at this time-the 3.917M BBH stash was created, and may be few others that were not discovered by BM ( but alluded by Oren Shenkar, lawyer for BM) and insty holding went down last Q/

160.53-0.69(-0.43%)Aug 26 4:02 PMEDT

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