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Halozyme Therapeutics, Inc. Message Board

solef63tread 12 posts  |  Last Activity: Jan 26, 2016 1:27 AM Member since: Jan 5, 2007
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  • Reply to

    Singer and the put option...

    by o08o.ugh64w Jan 18, 2016 5:35 PM
    solef63tread solef63tread Jan 26, 2016 1:27 AM Flag

    That could make sense; however I am looking at the June 17 $5 put and there are now 1454 open interest (145,400 shares) so more puts have been sold/bought. I don't know what the regs would be if the transaction was between Singer and Dupper (one insider selling another the right to put shares to a BOD member at 10% under the market at the time)??

  • solef63tread solef63tread Dec 28, 2015 7:41 PM Flag

    Savant almost certainly will not move ahead with the "troubled" company and the people who bought stock in the private placement will try and get the company funds frozen via injunction so they can get their money back.

  • solef63tread solef63tread Dec 23, 2015 8:26 AM Flag

    Politicans will not stand in the way of the "disruptive" forces like Uber, Airbnd etc.

  • New York City Taxi Medallions will certainly take another drop in value with this added wrinkle.

  • solef63tread solef63tread Nov 22, 2015 1:19 AM Flag

    Yes, the SEC is on it...see "In the Matter of Corporate Resource Services, Inc." Some will be wearing striped suits before this is over (without ties and wingtips!)

  • Reply to

    Tough market this week

    by hweb2 Nov 13, 2015 1:29 PM
    solef63tread solef63tread Nov 13, 2015 3:22 PM Flag

    Yes, my $5.46 bid has been getting hit periodically and adding to average down. It is really $5.35 because $.11 is coming in three weeks.

  • Reply to

    earnings ok - backlog/pipeline better

    by o08o.ugh64w Nov 10, 2015 4:14 PM
    solef63tread solef63tread Nov 11, 2015 9:57 PM Flag

    I will gladly buy it ; ) I believe that we may get a buying opportunity, as someone posted, around year-end when all of the people who bought at $9 begin to look for opportunistic tax losses. Each year many microcaps get irrationally slammed and become very good buys at that time. I am in no hurry, but did have a few 9,000 share buy orders in today, much lower on the scale, but there was no "motivated seller" moving that far down. By not selling, I have already made a decision to "buy" the position I have (since I have free choice every day to sell one stock and buy another) and am most certainly interested in adding, if I can.

  • Reply to

    earnings ok - backlog/pipeline better

    by o08o.ugh64w Nov 10, 2015 4:14 PM
    solef63tread solef63tread Nov 11, 2015 3:30 PM Flag

    Yes, but the cash flow is primarily derived from their after-tax earnings (many people think dividends are paid pre-tax). Since EVOL (until now) has had minimum depreciation and amortization expenses, small capex and capitalization of software costs, the only swings in cash flow have come from after-tax earnings and changes in balance sheet items (which tend to wash over time).

    I will gladly buy you a steak dinner at the restaurant of your choosing if EVOL's price goes over $11 in the next year!

  • Reply to

    earnings ok - backlog/pipeline better

    by o08o.ugh64w Nov 10, 2015 4:14 PM
    solef63tread solef63tread Nov 11, 2015 12:37 AM Flag

    This company (mostly Thad) has been very deft in finding new lines of business related to existing lines to offset the deterioration of an existing line (i.e. Tertio, which is slowly sinking.) I also am bullish about the future, although I think they have squeezed the one large carrier for their most profitable divisions and their backlogs are still not up to last year's levels (which were the "leads" for this year's performance.) I think one can buy at up to $6 and hope to get to $8 over the next 18 months if all goes well, but sincerely doubt if I will break-even with some $11 stock sitting in my portfolio (and averaged down, so far to $9 and change). They still have a hill to climb to see $.50/share in after-tax earnings ($5.6mm after tax with current shares outstanding...which is well over $8mm pre-tax and does not account for the strong dollar that will be around for quite a while as we begin to tighten a bit here relative to the rest of the World.) At $.50/share they will have 114% coverage of the dividend (which is paid out of after-tax earnings) and may command a 15-17 multiple IF they can generate the confidence that they are not an "every other year" company....so $7.50-$8.50 would be a fair valuation.

    The best hope for shareholders would be a take-out by someone like RedKnee or Synchronoss who might covet some of the relationships that EVOL has which they may not have and also with Synchronoss, the ability to use "inflated" currency (or even cash) to make an "accretive" acquisition from day one.

    Sentiment: Hold

  • Reply to

    Dividend is secure - listen to the Q&A

    by o08o.ugh64w Nov 10, 2015 5:07 PM
    solef63tread solef63tread Nov 11, 2015 12:28 AM Flag

    I DID, however, detect a slight schism, as Thad said he might personally favor investing in growth, but that the Board felt strongly about the dividend (and given that Justin Singer is a board member and his family owns almost 23% of this company I can understand why they might want their cash rewards up front.) Here is the transcript quote "But if you ask Thomas or I or Dan, we’d say we’re a growth company and the changes we are making with the restructuring, we think will give us the funds needed to continue to invest an initiatives to grow the company. So we’re all about growth, Thomas, Dan and I, but I believe you know from discussions with the board, board is very pro dividend and I certainly believe with them that the combined EVOL and SSM should be all sustain this dividend."

  • Reply to

    DA Davidson likely to upgrade

    by o08o.ugh64w Nov 10, 2015 4:58 PM
    solef63tread solef63tread Nov 11, 2015 12:24 AM Flag

    I don't think that D. A. Davidson has much of a following and the question the analyst asked was fairly granular about the two "wins" so not sure this has much meaning either way.

  • Reply to

    Please no more good news!

    by hweb2 Nov 4, 2015 12:04 PM
    solef63tread solef63tread Nov 9, 2015 11:16 PM Flag

    Concerned that the market is telling us the dividend may be cut or suspended. There was one covenant in the new loan agreement that they were a bit tight on, so they may play it safe and keep the extra $1mm+ in the bank this quarter. That said, I agree that the quarter will look rough on a comp basis and that 2016 is looking much brighter with the "wins" this year (which should begin to show up in backlog soon.)

HALO
7.90-0.37(-4.47%)Feb 5 4:00 PMEST