lots of noise over the past few months but i think much of that could be cleaned up as the company better explains that they've got going on. this is not the same company as it was before, and many upcoming catalysts will show investors this co could be a 5-10 bagger from here.
as of when they reported the march qtr, MNK had about $575M left under buyback. They can increase that again if this is used up - each share bot increases the eps for the company.
do your own work - this new mgmt team is top-notch.
they took QCOR from $30M mkt cap to eventually $9B+ in cash/stock exit.
they clearly don't need to do this for $, but i think they really believe in the open-ended mkt oppty here, and expect it could be a 20-50 bagger from here.
all aboard...despite all of WC/shorts' tactics, this sucker's not going down.
heck, it's being accumulated on up & down days, even by WC itself, lol.
bottom line, i think the 4M shares short are trapped - this stock's getting ready to rip, imho.
nice call on co to update. now that company announced being represented by both Guggenheim and Blackrock, it means company can execute on their strategy, including accepting an offer to buy the entire company if the price is good. Given multiple Billionaires fighting over Sorrento, I view that as a good sign that the stock is significantly undervalued. waiting for more positive catalysts ahead!