Buy low sell high.........safe dividend so far. I am thinking of adding more shares at these prices. Insiders have some skin in the game. Retired income investor........."O" is one of my core REIT holdings with three others to a lessor extent.
That's a sad comment about a company's balance sheet. Enough cash for a year? I am retired, I need enough cash for the next twenty years, and so does ARNA. What's there next move to get operating cash six months before they run out? We don't have a clue.....what a solid business plan.
Phew......and the stock was 3X higher last year. That's how things are measured in my world. Still selling hope and change crapola.
Owned now for 7 brutal years......sold off 80% last year in January above $6.20......Whew!
It's past time to sell the remainder.....$2 bucks, and I am out of this P of S. Licking my wounds, but will exit above my original investment over the long haul. Lesson learned for sure, it was an expensive education.
20 plus years.....and losing ground. This ship is sinking, time to abandon ship and take the loss.
High risk, high reward......be smart and don't invest more than you can lose. There is always time to buy more after year one and safely add more shares waiting for $20. I don't think $20 will happen in 24 months. I'll buy 250 shares and hope to double it in six months around a $5.50 price. Option players will have a field day with controlling this stock.....Who's your DADDY, they are!
Wall Street rewards only on profits, clean balance sheet, firm guidance to sustain a positive balance sheet.
I see further dilution to rinse the debt, de-listing from NYSE, and shaky guidance. Sales and debt MUST come in line quickly.....what is the next 12/24 month Plan A? This DOG won't hunt in it's current condition. You might make some money timing the volatility below $3 and back to $5
You can thank O'Bummer for this one! This was a very bad deal, and will get worse as he releases the bankroll scheduled for Iran in months to come.
He forgot Jack was still the CEO, and then the dilution wave struck right after that message.
The list is real, I studied the INSLAW AFFAIR for several years. I met the father of the man who developed the encryption software...PROMISE. The Rose Law Firm represented the company in Mena who secretly stole drug cartel money from banks around the world using the software. Guess who represented this fake CIA Software company......yep Hillary and Vince Foster. Now he is dead with a long list of others.
Spencer gave you caution and followed the tracking, and it's demise. Many old time longs cried out for Jack's firing, listed the economic woes of Arena, and cautioned further share dilution. Myself included! Hopeful investors kept on with their faith, the pipeline, the patients, etc. only to ignore a sound operating company with the lack faith from Wall Street for ARNA to get it right. Let's face it, the obesity medical need, and Belviq have failed to take a hold in the market place, and doctor's have abandoned Belviq and it's weight loss attributes for all the obvious reasons. We in fact were kept in a shadow by the CEO, perhaps too little, and too late to turn things around. Our only hope to recover share value is a buyout, and I doubt it will be much over $8.00.....I will gladly take that and leave this dog behind,
They are about broke, and cannot fund anything in the pipe. The market has spoken.....did you forget? $13 down to $1.99 currently. What a great investment. Buy more it may go up or down, but one thing for sure, it's in the basement, in trouble, and not making ay profit.