Cyoung, what you are saying is mostly true, however, in recent years there has been an unusual uptick in black men committing mass murder, and or serial murders. A cultural change?
Historically speaking these types of murders have been a white guy crime.
A Mexican drug cartel had threatened his life, I am sure that was what he was referring.
Relax Nick, that was just a joke. And yes, it was funny.
Longvrts, would be great if some day you could share more. For now, a simple thanks.
Nick, its been a strange bb season this year. Let's just make sure the yanks don't win. I have had enough of the pretending that there 3rd baseman did not cheat, and does not get advantage from said cheating.
I call it the financial melt down and recession, caused by democrat lending policy and pressure on banks.
You know MBB, he posted it on the board, maybe he will see this and you can argue economics with him.
Nick, you are not arguing with me, you are arguing with Cowen. Just thought this 6 day old opinion of smid cap biotech valuation was appropriate to the conversation.
You are welcome rpc, I was surprised it had not been posted earlier. Pass it on to Nick, when he gets back from the CYTR board and their dilution issues.
part 2 from dordoug jmrm01, on the cause of the financial meltdown and recession. Keep reading MBB!
To Bush's credit, he immediately got a tax rate cut through congress, which almost immediately got us out of the recession, until 9/11 caused the temporary destruction of 3 whole industries. He later cut tax rates again, which again got the economy turned around, until the Fed (not Bush) dumped trillions of $$$$$ of worthless home mortgage securities on the market (in fall 2008, deliberately when it looked like McCain might beat Obama), causing the housing implosion.
Did you know that in 2007, the tax cuts provided a new record in federal taxes collected? And in 2008, another new record was set? During a recession!!!!!!!! Remember, Income Income Tax Rates and Tax Revenues have an inverse relationship.
Do you know the definition of a recession? It is defined as "4 consecutive quarters of negative growth". That means that the recession started in June of 2007, but we didn't actually call it that until June 2008. When did the recession end? June 2009 (remember Obama & Biden proclaiming "the Spring recovery????) That means that the recovery started in June 2008, because the definition of the recovery is 4 consecutive quarters of positive growth.
What that means is that 2.5 quarters of the recovery occurred during Bush's last months, and 1.5 under Obama, when Obama had no policy yet to impact the recovery. And what have we had since????
As you can see, I don't use emotional BS to discuss issues. I use facts.
MBB, I love it when you and other leftist attempt to blame GWB for the Recession. Rather than give you my explanation, I saved an rebuttal posted by an economist who was responding to the charge that Bush caused the recession. Read it, its in two parts, so look for part 2 as well.
What policy of Bush led to the financial melt-down? NONE!!! The melt-down was caused by the combination of the Affordable Homeowners Act, and the fact that for the next 7 years, the government beat banks over the head (by threatening to revoke their charters) to loan money to people who couldn't afford to pay the loans back!!! When banks ran out of money, the laws required Fannie & Freddie to "buy up" the bad loans, so the banks had more more money for more bad loans.
What president signed that legislation? Bill Clinton, in 1993!!!!!!
Bush tried in 2001 & 2004 to correct this; but by then, almost all in Congress (Dems & Reps) were making money off this scheme. In 2005, Sen McCain tried to get legislation passed to correct this, but it failed. Right before the 2008 election, CNN (of all people) correctly did an expose' on this issue. Fox has done this several times since.
As to 2001 to 2004, your analysis is not only flawed, it is mind-numbingly false (I'm and economist, and economic historian; and obviously, you're just a victim of our Progressive Educational system).
First, Bush inherited a recession, although that was no fault of Clinton's. The economic run-up in the 2nd Clinton term was largely the beneficiary of Y2K, in which nearly every company, and every govt agency, had to change computers & software (remember the spate of millionaires created in Silicon Valley then???) But after 2000, the industry had no buyers!!! Hence the other edge of the 2-edge sword, causing the recession.
"Cures everything", Not quite Dorris, but it (Varli) does boost/strengthen the immune system, creating a longterm memory or effect, and it does it with a safety profile like no other. Making Varli an optimal immunotherapy for pairing with other immunotherapy. A win for everyone involved, and a cash cow for Celldex.
By the way, you can't lose a job if you don't have a job. Cy, tell us what the workplace participation rate is currently, and what it represents historically. Then try to understand, this is the slowest "recovery" in American history, coming off a recession. It did not have to be.
Do you believe it? We have seen some really wild revisions in the last two years.
By Johanna Bennett
Do you want safe, or sexy?
That’s the question facing biotechnology investors, according to a recent research note from Cowen analysts that previews the sector’s second-quarter financial results.
“In heady times, large cap provides a safe haven, smid caps the sex appeal,” reads the note.
After shrugging off a selloff in late June, the Nasdaq Biotechnology index has gained 30% since the start of 2015, and trades near all-time highs. The sector seems dividend between the earnings-driven large-cap names and the sexier small-and mid-cap names whose performance has been fueled by high-profile acquisitions and an uptick in IPOs.
"We admit that rising small/mid-cap valuations, a less discriminating IPO window, and investor willingness to ascribe substantial value to earlier stage pipeline assets gives us some pause. Nonetheless, our universe still features multiple smid cap stocks that trade at a modest 1-2x multiple of their peak sales potential (CEMP, CLDX, DVAX, ITCI, OPHT, RLYP, SNSS). Moreover, the large cap, earnings-driven companies continue to trade on P/E multiples that appear reasonable if not conservative in relation to their growth prospects. Absent a major correction in the equity markets, we view the average biotech P/E multiple (~23X forward earnings) as sustainable and anticipate continued stock price performance in line with the considerable growth and upward earnings revisions that these stocks offer."
IMO, current valuation is significantly discounted due to simple uncertainty. But not enough to keep sp below $24, that has become clear. So which news will be first NDA for Rintega, or interim Varli, either one substantially moves the needle. Good or bad, high or low.