They grew sales at 30% this year, and the stock is down 20% in a beyond bullish market. It's valued at 2x 2013 revenues, and well less than that using 2014 revenues. High growth stocks aren't valued this way. Something is wrong. And don't give me the "oh if they do it next year things will change!".
You can't use trailing revenues as PKT is growing at 30% and ALLT is flat to negative. So that tell nowhere near the real story, and greatly undervalues PKT as a result. Why not just look at the differential in the Q3 revenues just reported, and annualize that to determine a rough "annual sales difference". Since markets are "forward looking", PKT 2014 consensus is $96m. ALLT $115m. Same cash, both no debt, one growing at 30%, the other flat at best, and you think that with ALLT having a $110-$120m is reasonable and puts the two companies in the same valuation? Wow.
Trailing sales is worthless in this comparison.
Given this stock's track record, expect more bone shattering bad news soon.
is quite sickening. DOW now at 16,100. This still floundering around in the $14s. All the missed opportunities lost over the course of the last year cause I thought PKT was a good place to park money. We are all fools.
You know Joe Z is always good for it. Nothing but horrible, disheartening news in this stock. How many 10%+ drop days has AMRN had in the last year? Bravo Joe Z, Bravo. How is your new mansion estate working out? Not a penny under $30, eh? What an idiot.
Joey Z's measly little buy ensures that. Can't be buying shares if any negotiations were ongoing. Too bad, cause buyout/partnership is really the only thing that matters at this point. Joey Z keeps trying to prop the share price up, but these are band aids on a large problem, that can only be addressed by buyout/partnership. Again, leveraged company that will be bankrupt within a couple of years. And management is too stupid to realize this and take REAL actions to save the company and maybe allow shareholders some semblance of dignity. SELL OR PARTNER ALREADY.
Still have NCE rejection, and PDUFA rejection as further downward catalysts. Joe Z now created "hope" that they could fight the FDA and win. Of course when this fails, the stock will drop further. Joe Z should have spoken in reality and practicality, not pipe dreams. The focus should have been on partnering or putting the company up for sale.
There are absolutely NO positive catalysts on the horizon.
Up 140% in the last year, hit a new 52 wk high today. Where is Peter with the "ALLT is so bad it brings down everyone!" comments. He blames ALLT for PKT stock price. Funny, SVC doesn't seem to have this problem.