Perhaps the $51 is a stretch however I do not recall you ever making any type of projection except to keep looking at ANIK with a critical eye which is your opinion and I respect that. Although I will say that maybe you should spend more analyzing their numbers which by the way are above and beyond any company in their space and spend less time pointing fingers at Sherwood.
Regarding your first point this is a growth company so the high p/s makes sense but you fail to mention the operating margin. gross profit percent. debt/equity, ROE, ROC.,etc....
With respect to your second point I can not comment because I have no knowledge of this.
They had a breakout out quarter in Q4-15. They sandbagged their 2016 EPS because they excluded both Cingal and any milestone payments. They have lots of cash, no debt, great ratios, etc;, etc. the stock is going higher no matter what you may think of Sherwood.
Sentiment: Strong Buy
Your thesis is somewhat correct. The issue here is that they don't see their stock dropping any more that's the whole idea of buying at these levels. That tells me they are VERY confident about 2016. In fact they are so confident any milestone payments will be gravy since they are not included in the 2016 numbers. As I mentioned on a previous post the last quarter was a break out quarter. There are more good times ahead. I don't know of many companies that I follow that have these GP%, ROE, Debt to Equity and a balance sheet like this one. We are in the early innings here.
Interesting that in the past you would see a fairly good pullback not now as Q4 told us there is more good news coming BUY
Sentiment: Strong Buy
The business is robust enough that any milestone payments will be gravy. This past quarter was the one to turn this around. Great margins, lots of cash, no debt, etc
Anybody know they are annoying POS
I can not find anything here that is not good. Great rev and eps, stock buyback, etc.,
My projections for Q4-2015
Best Case Rev $33.5 EPS $.80
Worst Case Rev $30.7 EPS $.73
Also please note that the EPS are conservative with at least $.04 upside....
be careful here and wait until the CC to buy
thanks to those radical democrats and that phony Trump