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Albany Molecular Research Inc. Message Board

stk_hnter 3 posts  |  Last Activity: Jan 3, 2014 10:23 AM Member since: Aug 10, 2007
  • Reply to

    Why did this drop so suddenly?

    by jonnyk82 Dec 26, 2013 12:54 PM
    stk_hnter stk_hnter Jan 3, 2014 10:23 AM Flag

    @jonnyk82: This same subject has been covered in a previous thread. You would probably be better-off reading previous posts and discussions before you ask questions that have been previously answered.

    Please note my post from Dec 19, 2013 6:50 PM (7 days before your post/question): "Investors might has sold off at the time of the offering because AMRI burned through boatloads of cash by making bad acquisitions. They might have seen the offering as an indicator of those numerous failures, which have placed the company in a tough position."

    @dontpanik84: In my opinion, you are half-correct. Investors had/have doubts, which triggered the sell off. They have serious and well founded doubts, based on the track record of this company. I personally have serious doubts as to whether they are on a "strong growth path" as you have attempted to portray. AMRI has rebounded from the brink of disaster, but I would not characterize it as a growth play. To be brutally honest, I regret that I did not buy when it hit its all time low of $2.07 At that time, I had no reason to believe that it do anything else but continue to fall until it hit zero.

  • Reply to

    AMRI

    by cderizzo Nov 7, 2013 5:40 PM
    stk_hnter stk_hnter Dec 19, 2013 6:50 PM Flag

    Investors might has sold off at the time of the offering because AMRI burned through boatloads of cash by making bad acquisitions. They might have seen the offering as an indicator of those numerous failures, which have placed the company in a tough position.

  • stk_hnter stk_hnter Dec 19, 2013 6:47 PM Flag

    @ecd_anonymous: As you are a newbie, I will tell you that you are focusing on a non-issue.

    Several months ago AMRI announced its decision to terminate its proprietary R&D and put up its various compounds/programs for sale.

    AMRI is now a out-sourcing pure play, as it provides various services to Biotechs, Early Stage Drug Discovery Companies and, in some special cases, for the huge Pharma companies.

    Terminating its proprietary R&D was probably the smart thing to do. Their proprietary R&D seemed chaotic and unfocused, like flotsam and jetsam.

    btw, they are raising money because they burned through boatloads of cash by making bad acquisitions.

AMRI
23.09+0.36(+1.58%)1:19 PMEDT

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