This is supposed to be what was to happen to PKT. Stock was at $8 on May 22. First offer comes in at $17. Now that offer has been beat and $20 offered by someone else. $8 to $20, two offers. PKT decides $9.50 to $11.50 is "compelling value to shareholders". And no further offers received.
You and wedge appear to be the only people left in the room. Don't forget to turn out the lights on your way out.
Zevalin will do $100-$300m a year within the next 2-3 years.
You asked why the stock isn't higher. Ridiculously slow sales growth isn't a factor in your mind?
Because at this point NCE isn't a very big deal. Joe Z said it himself...much ado about nothing. There are much more important issues than NCE going forward. Sales growth it so bad that that is front and center right now. At this growth rate it will take several years to get to break even. So they can barely sell it WITH exclusivity, so more exclusivity doesn't change the equation. They need faster growth for NCE to really matter.
NCE was much ado about nothing, but also is the apparent reason the company wasn't sold in the high teens or $20s. Now AMRN has 5 year and the stock is at $2.30. Is the buyout coming now? Of course not. It's little relief for long term holders averaged in in the teens who waited for this news back in 2012 and the buyout at $20+. Joe Z wanted $30, of course.
That's the "big news"? Ha...another patent? Oh yeah, that is huge news, look at the stock react!
No one cares about your "big news".
If it was 50/50 this would be trading at $11.75-$12.00 right now, now $11.51 - $11.53. 1-3 cents above the buyout price suggests there is a possibility, but that its very small.
If we knew what was good for us, we all be selling at $11.53. An extra 3 cents is real money. Instead we hold cause there is a 3% chance of a higher bid coming.
Well, one of the issues with this stock had been a lack of strong institutional support. As I had pointed out many times, it was a revolving door at the top with the largest holders. This stock always had A LOT of institutional turnover, and rarely did a large holder stay longer than one or two quarters. So I actually think that yeah, a lot of these institutions are averaged in well below $11.50.
I disagree with some people in that I think the 51% tendered is going to be a shoe in an not an issue. Institutions have no emotional attachment to this, no large holder has been in this stock very long at all, most are probably averaged in below $11.50, none have come out against it. 51% isn't going to be an issue.
hahahaha. So funny. And people take this guy seriously! He hasn't been right about a single thing!
Don't you know, PKT is amongst a very short list of Visionaries. Man just thinking back to all the rhetoric Brear spewed the last couple of years will just make your blood BOIL.
Dude got a Legend of Silicon Valley award? Is Silicon Valley that said that Brear is a Legend? Let's see...become CEO of a company trading mid-teens. 7 years later sell it for $11.50. That is what makes a Legend?
Oh well, he did manage to pocket millions and millions for all of this. PKT was successfully sold away for $11.50 a share. Quick question, was Brear spewing the same rhetoric we heard on CCs to potentially interested companies? I really question how hard Stifel shopped this. An absolute pathetic display.
Why wouldn't he be excited? You seen his bank account? I would be excited too.
Raj is a magician. A maestro. Of course that is what's happening. See how the headlines have now changed from great revenue in previous quarters to the new, "robust pipeline" headlines? Now the shift in focus is to that. Once that disappoints, it will be on to something else (some other #$%$ drug Raj will probably acquire). He keeps this process going for years and years, meanwhile pocketing tens of millions of dollars. Ending accomplishment: virtually nothing. Just keep dangling those carrots!!