I agree with Zach's estimate for a loss of 28 cents. However I disagree about the drug issues; and need
to remind investors that KERX is down about 8% since the last announcement. In other words, short of a really nasty surprise, the downside risk is miniscule.
Maybe another company will buy them to halt the finger-pointing, lol.
That said, my sister is in the lab twice a week dissecting cadavers. The formaldehyde hasn't made her sick yet.
In fact, employees in the same position somehow manage to survive into their 70's with no adverse side effects. I'm pretty sure the formaldehyde in preserved bodies is much worse than that in the wood of any flooring.
Is that the same as "cooperative shorting?" Two traders were charged today for manipulating gold futures. Maybe the traders who've been manipulating share prices in KERX are hoping to escape charges by covering.
Do your own DD! I spend a fair amount of time on research before I purchase stock.
Which is why I bought more shares today:) BTW, I am in the money, are you?
And don't answer that, because I don't care one way or another.
All things considered, it is undervalued compared to SBUX. If money-flow is any
judge of future stock price, GMCR is going up significantly.
Nearly all store brands are generic products these companies stamp with their name. Apple products are the exception rather than the rule.
I do not care for today's action. Purchased some protection just in case they make up some BS to drive the shares lower. I wanted to buy call options, but.
Fortinet did great on earnings. I believe we'll be just fine.