It does sound good. It is an early phase trial, as stated in the article which means it is a long way off. Marqibo is just helping fund the company's better prospects.
Then sell. If you don;t see a path to success then move on to something else. I like their potential and how they are gearing for growth.
That is all BS. Some of the most successful restaurants in the world were on that list. You have to be a player to even be mentioned. The greasy spoon off of hwy 62 doesn't get mentioned because not enough people go there to even rank. The most popular restaurants are going to rate highest on any poll (good or bad) by the nature of them getting the most traffic.
It depends on your objective. If you are short, and you probably are, then you would be happy. If you are looking for a quick run up, then you might not be so happy. But, if you are long then you can buy more cheaply until TACO can execute its expansion plan which naturally and logically will take time. This is not an investors immediate gratification play and personally I am good with that. I'm more a "big picture" guy and not interested in looking for scraps day to day. To each their own.
I see the article. But who cares what Zachs says?
Here is the end part of the article:
"Several other brokerages have also recently weighed in on TACO. Jefferies Group reiterated a “buy” rating and set a $16.00 price target on shares of Levy Acquisition Corp in a research note on Thursday, March 10th. BTIG Research began coverage on Levy Acquisition Corp in a research note on Tuesday, January 5th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Levy Acquisition Corp in a research report on Tuesday, March 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Levy Acquisition Corp currently has a consensus rating of “Buy” and a consensus target price of $16.07.
The price action can be manipulated at this time and does not have to reflect the actual operations or potential. Let's remember this is a newly acquired company and it takes time to implement a new vision and growth.
They were not well crafted at all nor was any realistic case made for enhancing shareholder value. They were comical in their conclusions and suggestions with valuation and the pipeline. And since I did not need the money at the time the "dead" money allowed me to acquire more. If they had greater influence and their suggestions had been advanced this company would be dead. I think that is dodging a bullet.
Their DD showed how they knew nothing about bio or pharma. That was a dodged bullet.
They just wanted to sell the company for a quick buck for themselves even if it meant long-term harm to the company's prospects. Enhancing shareholder value was the farthest thing on their minds. Activists are not always Knights in shining armor, though they pretend to be. I've seen over and over how many of them will rip apart a company for a quick and small profit doing more harm than good.
100? You are still in High School, right? Don't spend your allowance all in one place. Also, long term this is a very promising company.
What a miserable person you are. The products from this company improve and save people's lives. You are #$%$ and when you are dead and gone the world will be a better place. Please make it soon.
I bought in. Not huge, but this is probably only a start. I can see picking up significantly more over time. This is really a very interesting story. I can't wait to see how it unfolds over time.