Mike, tell us that your 17k addition are swing shares and you let them go soon when you see some profit if you have not done it today. Yes, you need your dry powder.
HZNP is a sale organization but an R&D and discovery drug company. So, current HZNP does not have any experience in drug development. After all, drug development is very expensive and risky. HZNP is barely surviving to pay for its current expenses. please do not add a large bill here.
POZN price tag is somewhere between $600 m to $800 m. Where is HZNP money to pay for it? Do not tell me HZNP issues 50 m shares to pay for POZN.
Fact: many companies that issued a convertible bonds saw their share price up by 10% to 60% short and mid term. That is why MSFT and AAPL issued convertible bonds too, although they have huge pile of money. They did not need money but their purpose was to push their PPS up.
I do not know if HZNP knew this fact but it needed money to buy the V drug and pay off its debt. If HZNP knew it then it set the price per share of bond at much higher than $5 and change. Another reason to hire a financial guy as VP to help them in this area.
Bottom line, HZNP is at these level mostly because of the bond holders who want to maximize their profit and this is not because of HZNP fundamental, income or any other reason.
Welcome to the world of money movers.
HZNP is not developing any drug and it does not have a pipeline of drugs in development that shareholders to get excited about. In addition, HZNP does not have money or a big source of income to go after other drugs or companies to acquire. It added a huge convertible bond to buy a tiny drug. The company still struggling to survive or produce any income. I do not know why it is at these levels. Sure, the current drugs sales have been growing but that is the nature of new drugs that grow fast and furious in first year and they slow down to normal low single digit per year or flat eventually. So, what is big deal about current momentum that will end sooner or later and hznp will be a single digit price stock again. I see a lot of hype and mindless predictions.
Wow, you guys are becoming blind. Look at power of greed. What will be HZNP share outstanding after the bond holders convert?
When does HZNP be able to produce a penny of income?
What is the actual cash burn per quarter?
What about competitions?
What if growth slow down significantly or insurances stop paying for hznp drugs and go for alternative drugs?
Hznp drugs have many alternatives that can be used with food to prevent the sided effects.
I just try to educate you.
Do not ginc it since hznp my lose all it's gain in one morning and more. This is the sector that does not follow any conventional method for stock price calculation.
Be careful since HZNP is at its top and the earning will push it down.
Remember that over 30 m share will be added from bond conversion and if something happen to sale of insurances then this stock drops to $3 in one hour same as ARIA a few months ago.
By next few months, all analysts will downgrade to SELL since the sector is under attack and analysts have made their mind.
It is not HERO but the whole sector.
Barclay says drillers will drop on average of 71% from this point.
All analysts have negative views for drillers.
I am going to exit the sector and go to medical companies.
Just tell us where do get your info so we can follow you.
Obviously you are scaring and you want to shake out some shares
Wow, are you shorting it or you already shorted and you want it down.
You are so confident that it seems somebody has informed you of near term action.
Firecaptain, I see your point but also it will be lose lose situation with this market and the worst sector in the market. Oil companies are reducing production and drilling and drillers have to go to vacation for a while.