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Cerner Corporation Message Board

sonomaca 63 posts  |  Last Activity: Apr 29, 2016 3:28 PM Member since: Dec 18, 1998
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  • Typically, when companies speak about strategic alternatives, they're talking about selling the company, selling assets, etc. I've never heard of a company discuss strategic alternatives in terms of acquiring assets. Usually, a company just goes ahead and makes a purchase. This is somewhat bizarre use of language.

    If I were a preferred, I'd be a bit worried. This is because management has announced its intention to spend the newly acquired cash. In the end, there won't be anything left for commons or preferred's.

    I wonder how, exactly, management convinced investors to buy the new issue, particularly as they intended to spend the proceeds post haste.

  • Reply to

    first Zika related death in Puerto Rico

    by mjh194353 Apr 29, 2016 12:44 PM
    sonomaca sonomaca Apr 29, 2016 1:00 PM Flag

    Hard to say what a 70 year old man died from, exactly. However, it seems to be a growing problem.

  • Reply to

    They hired a company to sell themselves!

    by stockicon_2000 Apr 28, 2016 8:19 PM
    sonomaca sonomaca Apr 29, 2016 11:56 AM Flag

    Uh, I think you should read the PR again. They aren't selling themselves. They are BUYING something else. That's why the stock is going down rather than up.

  • Reply to

    New Saliva BioMarker

    by rick60930 Apr 28, 2016 3:07 PM
    sonomaca sonomaca Apr 28, 2016 5:02 PM Flag

    Interesting. I recall Ceres and Nanotrap discussed here before. I don't think that this necessarily indicates a failure. Gates' MO seems to be to fund two or three companies simultaneously, such as we saw with CEMI, ALR, and the Korean firm on malaria.

  • Reply to

    buying on news leaks

    by sbevorx Apr 27, 2016 12:18 PM
    sonomaca sonomaca Apr 27, 2016 1:05 PM Flag

    Well, we have a pretty good idea that someone was sniffing around earlier this year. CEMI quickly shored up its defenses.

    I think the key takeaway from the oral fluid malaria grant is that it's highly unlikely that Gates would have given money had not DPP Malaria results been extremely positive. I have no doubt that Gates got a peak at data from Africa. That's the bullish news.

  • Hundreds are dead in Democratic Republic of the Congo and Angola. I have never heard mention that CEMI has a yellow fever assay. Throw another strip on the multiplex.

  • Reply to

    What?s going on here?

    by snorkenaway Mar 23, 2016 2:53 PM
    sonomaca sonomaca Apr 14, 2016 6:26 PM Flag

    I kicking the tires on this stock. I know they're going to dilute here shortly, but seems like it's priced in.

  • sonomaca sonomaca Apr 14, 2016 6:25 PM Flag

    I highly recommended that TRIB buy CEMI after the cash raise a year ago. No dice. It was too expensive, not a fit, whatever. No, they're paying interest to buy their own trashy stock while CEMI skyrockets. CEMI has Zika, Malaria, Dengue, etc, etc. CEMI is red hot and likely the object of a bidding war which will end at $12 or more. TRIB probably could have had it for $7 or $8.

    Too bad, so sad.

  • sonomaca by sonomaca Apr 14, 2016 10:46 AM Flag

    We've just learned that Zika like causes ADEM (Acute Disseminated Encephalomyelitis) in a not insignificant number of infected adults. We also know about Guillain-Barre. I wonder if PKCgamma might be produced in cases where Zika victims have some CNS damage. If so, perhaps, CEMI could add a PKCgamma test line to the Zika test. In that way, CEMI would be able to distinguish those infected with Zika who had no damage from those infected who have also suffered CNS damage.

  • Reply to


    by samsato18 Apr 13, 2016 8:46 AM
    sonomaca sonomaca Apr 13, 2016 7:26 PM Flag

    I did some research back in October on the concussion test partner. The "investors" here clearly forgot what I had written. Here it is again:

    "There existed a company called Lesanne Life Sciences, which seems to have been shuttered. Lesanne was working on using a compound called PKCgamma as a biomarker to id ischemic stroke, TIA, traumatic brain injury and other CNS events. Apparently, the effort failed. My guess is that some or all of the intellectual property was purchased by Perseus in an effort to revive the project.

    Some of the key players apparently have moved from Lesanne to Perseus. These seem to include Leslie Riblet and Ann Cornell-Bell. (Lesanne seems to be a conjugate of the two names). Mr. Riblet has a tremendous R&D resume (Buspar, among others, ie big time stuff). The pair seem to have been collaborating since they worked at Viatech Imagin almost 20 years ago when the patent for PKCgamma was originally filed.

    Let's just say Riblet and Cornell-Bell have been doggedly working on this idea for two decades without success. Could the third try be the charm?"

  • Reply to


    by samsato18 Apr 13, 2016 8:46 AM
    sonomaca sonomaca Apr 13, 2016 10:09 AM Flag

    Sorry, discussed previously.

  • Reply to

    2M convertible preferred.....

    by mjh194353 Apr 7, 2016 1:49 PM
    sonomaca sonomaca Apr 7, 2016 4:22 PM Flag

    Next few days should be very interesting, indeed. The interested party is likely sitting there with 4.9% or some such, else we would have seen a filing. Has there been a letter to CEMI's BOD? Will we see a filing soon?Typically in a situation such as this, a friendly bidder will emerge.

    Larry Siebert. Hmmm? Works in M&A. He might very well hold just under 5%. That may be the basis for a bid. Got to think he's been plotting his revenge every since he got the boot. Perhaps he's joined forces with someone of means. When CEMI let lapse the earlier poison pill, I would think that Siebert would have been best positioned to take advantage.

  • sonomaca by sonomaca Apr 1, 2016 5:13 PM Flag

    Would I be surprised to wake up Monday morning and see that CEMI has been taken out at $12? Not at all. TRIB raised a pile of money last April with which they could have attempted to acquire CEMI, but they decided it was too expensive (I'm guessing the asking price was in the $7 to $8 range). Too late now.

  • Reply to

    TRIB's filing

    by sonomaca Apr 22, 2015 6:53 PM
    sonomaca sonomaca Apr 1, 2016 12:38 PM Flag

    This was my thought a year ago. They had an opportunity to buy CEMI, or at least attempt to buy CEMI, at a reasonable price. However, they repeatedly said that they couldn't find any worthwhile acquisition targets. Huh? They probably could have taken out CEMI at $7 or $8, but that was presumably too expensive for them. Now, CEMI is at $6 and rising. It would take $12 to get it now.

    Meanwhile, TRIB is happily paying $4 million of interest in order to buy back stock. TRIB stock at $11 must be a great bargain when compared to CEMI stock at $3.50, which is where it was last year. Brilliant!

  • sonomaca by sonomaca Mar 24, 2016 4:57 PM Flag

    We just saw VIVO take Magellan out at 3.7x revs. Clearly, IDXG would never get that. However, if they can someone get this hulking monster to break even, I think 2x would be reasonable. I'm guessing revenues are going to be down around $6 or $7 million this year, so that's about $1 a share at 2x.

    Of course, the vultures are circling. If they can't control costs, then we're looking at scrap value in the 50 cent range.

  • First of all, I had thought that VIVO might take an interest in CEMI, but Magellan was the target.

    Magellan has 2016 revenues in the $17 to $18 million range. The price was $66 million. That's 3.7x revenues folks. Apply a similar valuation to CEMI's 2017 revenues of $28 million, that's $104 million. One might argue that CEMI deserves a greater multiple, since growth is likely to pick up going forward.

    In any case, the Magellan deal multiple would value CEMI in the neighborhood of $10. I think that CEMI's higher revenue growth potential would call for, perhaps, $12.

    No wonder they rushed to get the rights plan in place, because you definitely don't want someone getting you for $6 or $7.

  • sonomaca by sonomaca Mar 23, 2016 7:14 PM Flag

    Not quite sure what to make of this. Per Lurker on the last call, they needed $50 million of revenue to get to break even. Obviously, that was not going to happen anytime this decade. This implies they were $40 million "over budget". If they cut $11.5, that would mean they are still losing $28.5 million more than they're taking in.

    Unless I'm misunderstanding something, this is still not a viable business. Not even close.

  • sonomaca by sonomaca Mar 15, 2016 7:22 PM Flag

    Apparently, they may have been bribing officials in Africa, Asia, and Latam to get contracts. If they won contracts from CEMI on the basis of bribes, I think CEMI could potentially take Alere to court.

  • Signed till 2019.

  • Reply to

    Recent moves

    by sonomaca Mar 11, 2016 12:29 PM
    sonomaca sonomaca Mar 11, 2016 6:19 PM Flag

    No doubt. I think there's an alternative scenario whereby CEMI becomes the predator rather than the prey.

    That said, would I be surprised to wake up Monday morning to news that CEMI had been taken out. Not at all. I think $10 is probably the minimum, at this point.

    I think the cancer test has been grossly underestimated (I have grave doubts about traumatic brain injury test, however). The idea that patients would get a result in the doctors office within 15 minutes. That's game-changing. People hate having to wait days for a result.

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