I did notice heavy buying by insiders, and the key statement was 90% of AVAILABLE shares. Regardless, they are jumping in with their own money which speaks confidence in a big way.
Their is some strong lobby money who made this happen some time back after OraSure Tech. was bought. Read the bill and you will see a strong connection for Gov. for promotional funding the testing for Hep C virus blood testing. What I read into this is medicare & medicade mandatory payment for testing will happen, along with OBummer health care directives. If so........that's a very, very sweet deal to repay the lobby effort that was made. We all know congress does nothing until they get paid via campaign donations.....the fix is in!
Geez........I had made up my mind on Saturday to place an order at the open for $6.05 limit........Bam off it went with no fill. I caught some shares at $6.75.
I own GE, it's been a great core position. Recent news, GE is going to make billions on their Jet engine design that incorporate their discovery of a ceramic material bonded to carbon fiber they developed after many long years. It's much lighter than the heavy exotic metals currently used in their engine design and can handle 20% more heat generated in the engine allowing the engine to burn fuel more efficiently. The fuel savings alone will net billions over the life of jet engines for the air travel industry, military jets, and the orders are coming in hand over fist for engine replacements as needed. Just trying to get others to finally access their investment dollars......I waited a year to long, and one dilution to sell out. Lost all faith in Jack L. as a leader.
Stuff It on the quack stuff. Eight years ago I was diagnosed with Type II. I weighted 255lbs, at 5"10" and proceeded to change my diet, my lifestyle, and eating habits. In 6 months I lost 35 lbs, another 3 months lost another 10 lbs holding around 210 for another year. Reworked the diet plan for a permanent change and today remain constant between 180 lbs. and 185 lbs. Never took a pill, never tried Belviq, but invested in ARNA for the diabetes implication. For what it's worth, I have made several thousand dollars, and thanks to no dividend, several dilutions, a lousy launch, no Europe, no Mexico, or no Canada. Se here we sit today lower than some of the shares I purchased, but thankfully I had several thousand below $3 to make some money. I stand on my doctor's assessment of the standard protocol treatment for weight loss, it appears to be the standard for medical weight loss direction at this time for the majority of doctors operating outside the vanity weight loss MD's.
He added at the ending...Our director over The Villages Health Care System often guides all the clinics on our protocol for treatment on a variety of medical conditions. He solicits info from the doctor/patient records, and routinely requires us to comment on our practice results good or bad so we can improve the care of our patients. Weight loss, and obesity are clearly a health care problem we must deal with. Personally I am selling, even at a small loss the remainder of my shares, so take his comments and place the value of his advice on your decision to Buy, Sell, or Hold. I am beginning to see that many other doctors may very well share his opinion, and Belviq is surviving on the advertising generated. It's your risk, and your money. GLTA
First, I have been long ARNA for over 6 years now, and sold 2/3rd's of my position @ $6.22 early this year.
Retired, and need dividend's with growth, stability, and few speculative plays less than 2% to 3% of my portfolio. I live in a very upscale retirement community called "The Villages" in Central Florida, and they have an outstanding health care system for those that live here. Fully sponsored by United Health Care, they operate 3 major clinics with 8 primary doc's in each facility. They do their own lab testing, blood work, x-rays, MRI's and other test on site. 95% of the patients are 55 years and older, and probably closer to 68 years.
After my visit, and review of my blood test results on Friday I had a candid conversation with my doctor on obesity, and told him I had a fair sum of money invested in the weight loss sector, and named Belviq's drug maker Arena Pharma. I want to know his opinion on Belviq, and their clinics standard protocol for weight loss treatment. His response is as follows: Our standard protocol is lifestyle change, eating habits / diet, exercise. We avoid prescriptions usage as a front line treatment. I have used Belviq on a number of patients who met the BMI index to qualify as obese, however I did not see the results touted by the manufacturer reps. I used Belviq for it's safety profile as the choice of drugs available. I no longer recommend it, the expense of the drug does not outweigh the results from my patient experience. He reasoned that patients most likely would have to stay on the drug for a year or longer to gain control of the lifestyle changes which are their primary goal in obesity treatment. He went on to say morbidly obese patients need a more drastic approach, counseling, surgery perhaps, but did not feel Belviq would suffice in the long term treatment.
I thanked him for his candid answers, and explained that his comments helped me make a decision to exit my position entirely. We ended the discussion.
Logical Sense? Staying the same course with the same leadership at Arena does not make logical sense. Any reasonable change for a stronger investment owner or partner to get out of this financial rut makes logical sense. Throw us a life raft please......drowning slowly.
Try to understand this simple fact.......Last year share price $6.55, yesterday close $4.24. All the pumping BS can't get around the obvious fact of a -$2.31 loss in PPS. Thanks Jack "O" for a #$%$ job in maintaining shareholder value.
My view, Easai has thrown in the towel, threw Jackwad under the bus and left him by the roadside with a few tire marks across his face. Past time to rethink this deal and make some quick changes. Approval in other regional markets will face the same marginal efforts from Easai. Wake up investor's, your partner is robbing your pocket.
The hazard of pharma investing, it takes ton's of money to keep things afloat and Arena is not immune to the same fate, but not likely. What does this say to the investor's who chose to dig deep in their pockets to invest in the weight loss drug market? Many might view this as a negative event for the sector, others might view this as a very cheap stock buy opportunity hoping a big pharma will pick them up out of bankruptcy court. It all comes back to the RISK each investor assigned to their investment. My view, Arena has given us a very high RISK of equity ownership over the last 6 years I have owned the stock.......the battle to change society toward a healthy lifestyle, medical awareness of obesity both in adults, and children, the cost to our health care system have not moved the needle enough to take away the risk enough by the change needed in our obese society. I really don't see the drastic changes society needs to make to stem the tide, but do acknowledge their is a very legitimate effort being made. I don't think the society at large is ready to turn the ship around within a generation. It's not GAME OVER, and don't be a FOOL to believe it!
Sorry, but I measure my investment in returns, growth, revenue, and CEO leadership. ARNA has missed the mark from the expectations of Wall Street, and investors. This conference is a Dog & Pony show, and will have a minimal impact if any on the stock price.
Yep, I went through the same deal with KMI & Kinder Morgan Partners (KMP) back a few months ago. Made a scant few bucks, but was basically a share swap dead in the middle of the oil decline. I sold off some shares of WMZ right after that move hearing rumors the same thing could happen.
I'am in for 850 shares......a good day for the portfolio. And then I own RIG, a DOG for a year now with a nice divvie. I may be even in another year or two on RIG. PSXP I sold all shares except 150 from the IPO and expect SHLX to outperform over time. My 3 best MLP's .......PSXP, MWE, SHLX, CLMT,
Yeah for me, this is one POS pharma stock I don't own. Now all I have to worry over is ARNA, another POS.
This is bad overall for the weight loss market.......Doctors need confidence in what they are giving to patients, the trust factor was lost. Things will shake out for awhile.