Why? Give me one reason why this stock is even worth its current $715m. They literally have nothing going for them except the promise of nucleotide analog.
That's all fine and dandy but the market cap is now $750m. IDIX is so far behind the curve and so far away even from being approvable even if the stars align everything works out $750m is extremely overvalued for a co that hemorrhages money every quarter.
Why would the shorts cover? What positive development could possibly alter the current market cap to the upside? A buyout? lol
I've done plenty of DD on IDIX and have followed it for years. I don't care how much Seth Klarman put into (and isn't he up like 60% on his shares right now anyway?). Pending a miracle of some sort in the near future, the $750m market cap is extremely generous to a stock with basically nothing in their pipeline and a history of failure.
The IP is tainted and I would imagine big pharma is pretty gun shy right now when it comes to this space so I wouldn't count on that.
What's best case on the interference settlement?
I went short today. The once more $40m increase in market was all I could take. If you could provide a reason why this company is worth more than $780m do tell and I will consider covering my position.
Thanks for the insight (in other words, time to buy since it goes up every time you make this declaration)
IDIX is still arguably in worst shape than ACHN post 50% ACHN haircut. IDIX market cap is extremely bloated right now. I think the fat lady is singing on this space sooner than later...
Covered my short from 5.70s today. That was too easy.
Hardly reveling. Just telling the facts. The point of this is to make money isn't it?
I tried to tell them as well... If you guys want an HCV with actual drugs and actual upside, please see ENTA
Currently down 4 cents on it. In a month I'll be up over a dollar on it just like last time. This company is worth its cash on hand and that's about it
Why call me out on it? Now when it tanks back to sub $4 you're going to look silly. You could have just left my post and the only risk of looking silly would have been myself.
This company has literally nothing going for it.