I agree. Although it maybe sooner. Once our president becomes a lame duck in November then we turn and when we do it's a big move.
Also we are getting paid 3.7% for the turn.
Which will create a near term bottom. It's all about economics here the retails outlets ordered to much sooner or later the curve will correct. Also once the worst president in US history becomes a lame duck in November then we go higher.
Biopharm you make some compelling comments however where I beg to differ is on your third point of reference. Distribution networks can and usually are very complicated especially when you are introducing a comparable product. The issue becomes what do you do with the existing inventory? Yes, they have to bled it through unless they dispose it in the field and take a one time charge which will never happen. In my opinion Monovisc is a one and only product. ANIK may struggle for a few more quarters as they continue to iron out the prevailing issues. However I do believe that when the new products come on board and Monovisc totally replaces it's predecessor in addition to their rock solid balance sheet, which you never acknowledge, this stock will be much much higher. Furthermore with no debt they have many options such as buying back stock or even a special dividend. If that ever happened the stock would rally 5-7 points.
Time will tell.........
Biopharm you appear to be somewhat well versed in "pipelines" however your finance acumen is certainly lacking.
You don't need an MBA to figure out that any, I repeat any uptick in revenue creates a monster impact on the bottom line.
Their gross margins as well as their net income as a percentage to revenue have been increasing each year for the past four years on very moderate revenue growth. Imaging when the revenue kicks up. Perhaps you did not notice that their inventory increased 3 million dollars from the end of December, most out of which occurred in Q2. This is anticipation for the second half revenue surge that they discussed on the call. Perhaps you should have tuned in.
Furthermore the numbers above DO NOT INCLUDE THE MILESTONE PAYMENTS as you falsely wrote in one of your post.
At this point in time it's show me time for ANIK. They made a lot of aggressive statements on the last call in regard to the second half.
2011 2012 2013 2014
Revenue (In Mill) $64.8 $71.4 $75.1 $35.6
Gp % 58.0% 59.0% 69.0% 73.0%
NI % to Sales 13.1% 16.5% 27.4% 22.0% (see note-2)
Cash (In Mill) $36.0 $44.0 $63.0 $85.0
Inventory (In Mill) $7.3 $8.3 $11.0 $13.9 (see note-3)
Few items to consider:
1 - Based on the small revenue increases it is clear that this company has a tremendous anount of operatingleverage based on how well their GP% increased as well as the Net Income
Therefore any increases in revenue will have a massive impact on the bottom line
2 - The reason for the decrease in the NI% YTD June 2014 was an increase in R&D.
This increased $2.3 Mill over the first quarter. If you were to add this back the NI % would be 27.6%
3 - Appears that based on the numbers above the Inventory was to low at the end of 2012. It should have been approximately $10M
Therefore the inventory at the end of 2013 makes perfect sense. It includes the build for shortage in 2012 as well as the revenue increase
However the increase fromm 2013 to 2014 tells two stories:
A - They are building inventory for a big second half
B - They are building inventory to create operational efficiencies
My guess is A however time will tell……
As always you talk a good game. You may be correct in your assessment however why don't you prove to all of us what the number is without the Milestone payments. Then maybe some of us will have some respect for you
They beat on EPS. Missed on the revenue however they did explain it on the CC. EPS is growing 35% YOY however the multiple is only 19 and they have no debt.
Opportunities exist in the pipeline as well as the CEO stating that all options are open to create shareholder value. Which means they may sell out possibly.
They also mentioned that the second half will be robust therefore at this level the stock is cheap.
Also the stock trades at a 9 PE, has no debt and pays a. Ice dividend. Once the buy back kicks in the shorts will need to cover
Also that's about 10% of the float.
Company reports a good quarter, zinc and copper are performing well and coal is at a 2007 low which means at some point the supply and demand line with change. When it does come back we are looking a massive gains. Not to mention this Oil Sands project they have going as well.
Oh by the way they have the best Balance Sheet in the industry.
Take that Credit Suisse phonies.....
How do these frauds get away with this on TV
Are you a Liberal? That was not the premise of my point. Perhaps you should check the fundamentals of the company. If you don't know how I will be happy to assist.
Selfish CEO who has no regRd for the shareholders. If he did they would have initiated a share buy back or special dividend. Absolutely no reason why this can not be done based on their cash position.