too funny. ARNA Insiders own close to 0% of the company and cash out of theirlucrative stock option deals every chance they get - Give us the cash please, no stock!
Low Insider Ownership means Insiders don't want to own shares in their own company, otherwise they would. I assume they all own stock in other companies in their personal portfolios, except for the one they work at. It is akin to a restaurant owner not wanting to eat anything that his restaurant served. There are reasons for such avoidances and these are generally considered huge Red Flags for any novice or experienced investor.
Warren Buffet appears to know what sells and what doesn't. Burgers and fries sell, diet pills are just that .... diet pills. And then, which one of the 100's of diet pills on the market do you chose from?
There's no such thing as a 'Blockbuster Diet Drug' imho. This is make believe stuff in the land of bio-tech and late night TV commercials, where you can supposedly go from size 12 to size 4 with countless promoted pills, capsules, new and improved treadmills, and other various gizmos. Why do you think the stocks of virtually all fast food companies are at 52-week highs? The 'Whoppers' want fast food and more of it, not diet pills!
how would you rank Belviq?
Even at this supposedly 'rock bottom' price per share. In the history of ARNA, has a single Insider ever converted his/her stock options into actual stock or have they all chosen cash? Owning shares appears to be a really bad deal for these folks and I guess I can see why that is. On the other hand,some MB folks here think it's a good deal or so they say, even though Insiders appear to shun ownership of ARNA stock like it''s some kind of plague. It's probably not too hard for even the least educated investor to understand why this stock is heading downward.
Good catch! Investors should simply add another $20 - $30 to the upgrade due to the omission of Technosphere valuation.
Warren Buffett probably doesn't know MNKD has a secret plan in the works. He's a very busy man and can'y know everything. He'll probably wish he bought a lot of MNKD at these levels, though.
In real life, this appears to be what the 'Whoppers' really want .... Donuts and Burgers and French Fries and Milk Shakes ..... and double scoop ice-cream cones for desert, maybe 2 of them. Yummy
what exactly is "new and novel" about a obesity/diet pill? There are literally 100's of them on the market, on the T.V., in the mags today. Nothing new, nothing special imho, just copy-cat stuff for Insiders to cash in at will in the public stock marketplace. If they're so altruistic, then why do they cash in their free, no risk stock options for $$$ millions every chance they get. Even non-lawyers and poor people can make do on less then the $$$ millions ARNA Insiders have been coining here.
there is no such thing as 'smart areniacs'. They're buying shares as Insiders are selling and/or cashing in their stock options every chance they get. Anyone buying shares in this upside down environment needs their heads examined.
Hooray, someone finally called it right here. Longs with no conviction are generally called the 'weak hands', selling out whenever they think they hear someone say "boo'. These folks are a shorts dream, since they're generally scared of their own shadows and will exit with little to no provocation. Too many shares in a stock means too many 'weak hands' and they will put a stock pps down in a nanosecond due to playing with scared money. This is exactly what happened here with MNKD. It will take months to crawl back to true pps value due to these folks.