If that's true, this is BIG news. Secondary insurance, i.e. AARP United Healthcare, will cover what Medicare does not pay. The critical thing is that Medicare must first approve coverage. This was the last hurdle if the test has Medicare approval. I've had 2 biopsies, and they were both the worst pain I've ever experienced. I now call my urologist Vlad, as in Vlad - the Impaler (Prince of Wallachia). I'm just wondering why the stock hasn't reacted.
IMO, the entire selloff in the MLPs has been almost entirely unjustified. One day they go down because oil is down. The next day they go up because oil is down. There's a disconnect that defies logic. I've given up trying to make sense of it.
Probably a combination of both. If he had not bought, it would be around $2 today. When he stopped buying for a few weeks in the mid-teens, the price plunged. Without Frost, there's no Opko.
Agree, but at the time they were both thought to be world-changers. You're looking back at history I can't say when, but AAPL will eventually run out of steam. Opko will be taken over and be swallowed by a MRK or PFE. Frost is not going to live forever.
I disagree with both. AAPL's best days are behind it. OPK will only last as long as Philip Frost. You've been brain-washed. I remember when people were saying the same thing about Polaroid and Enron.
Yahoo is a disaster when it comes to accurate information. Even when glaring errors are brought to their attention, they are apparently incapable of making corrections. WARNING: Do not depend on Yahoo historical pricing information for tax or other preparation.
Anything is possible, but I have a feeling we've seen the low. As it moves up to the mid-teens, I expect to see lots of sellers looking to get out even. Once it hits a new high, the sky's the limit. It'll take time, but as long as Dr. Frost's health holds up, I expect to see a gradual recovery. 20 is the magic number. 20 goes straight into 30.
I agree totally. There are many on this board who obviously don't have a clue what a "short squeeze" actually is. The reality is that OPK has never even come close to reaching short squeeze territory. Even with all the pumping and hyping and touting, the market in Opko stock was orderly and balanced. Some margin calls may have gone out, but they were probably few. The ability to borrow stock was never a problem. With the price up a whooping $1 since the recent low, a short squeeze is pure fantasy. Especially with far more shares outstanding as the result of the takeover of BioRefLabs. Why do I even waste my time reading this dribble?
Lots of downgrades on pipes from U.S. Capital including MMP. EPD remains one of their top picks (no downgrade on that name.) There's plenty of negativity to go around. That said, I still have a very low opinion of analysts of all stripes.
Because they can. They're government bureaucrats. It's in their DNA. They think they're not doing their job if they don't arbitrarily reject or delay some applications for some nebulous reason that only they know. Have you ever dealt with your state DMV? Seeing me makes them hungry. They always go out to lunch as soon as I get to the front of the line.
These are government bureaucrats we're dealing with, so anything is possible. If they can find a way to delay or deny an approval, they will.
The worst is over IF they get FDA approval. If not, the worst is yet to come. Even a delay will be a big negative given the expectation of quick approval. When it comes to the FDA, nothing is certain until it happens. Given the huge drop from recent high to low, I'm not impressed with this meager rally.
If Dr. Frost can keep up the pace for about 2 or 3 more years (he's 81 now) OPK has great potential. From an actuarial standpoint, the odds are very much against it, but I'm betting he'll beat the odds long enough to profit. If he doesn't, OPK will be a near total loss. The company might survive, but the stock will get crushed. In the meantime, I think it could get to the $8 area before finding support.
OPK stock was pumped for the merger. They used "expensive" stock in a company with no earnings to buy a profitable company with predictable, sustainable earnings. The crazy notion that OPK would soar after the takeover has proven to be a pipe dream. OPK is now a "broken" company that is realistically worth maybe $8. If anything happens to Dr. Frost, it's worth $5 maximum. Today's 14% drop will look like a good day by comparison.
Think of this as a gift. Sorta like the day after Thanksgiving when everything goes on sale, and you buy stuff not because you need it but just because it's cheap. Then, the next week, you look at the pile of junk you bought and wonder what you were thinking.
That's another lesson, but I would NEVER use a stop-loss on anything. I spent many years in the stock brokerage business, and my rule was to never use "market" orders. Never use stops. Never sell short. Never use margin. Never buy options. Always diversify. Never put any faith in analyst recommendations. Never panic. Always hold "cash" reserves for buying opportunities. When I was in the business, there was no such thing as ETFs and CEFs. Even things that are normally traded in a very orderly way can hit the fan on days like today. On days like today it's best to take a strong laxative; that will keep you away from the computer long enough for the market to sort itself out. You can also focus your attention better after a good purge.
It appears that Dr. Frost no longer has the means or the desire to lend any meaningful support to the stock. Why would he want to? If he lets it fall, he gets to buy more shares cheaper. Dr. Frost is not in this for the shareholders. He's in it for Dr. Frost. No CEO gives a hoot about shareholders. This is especially true in the present circumstances. Don't ever think of a CEO as your friend. When a CEO has overwhelming voting control, he/she will do what is in his/her own best financial interest. The shareholders are just along for the ride.