This might also be the result of management listening to those people you speak of and coming forward with this report. So, maybe instead of have us eat crow, a pat on the back might be in order. Just saying
s55amg posted friday on twits, "i don't know for sure, but hearing potential big positive catalyst for $MNK by Monday...we shall see :) " You all know who he is ;-))
I have been right here for quite a while along with on the EBIX and GBX boards. Have not heard from L@L in a year although I did look him u[p not long ago. Unfortunately yahoo doesn't let you know what board the messenger is on. ARO, investor village, right? Good to hear from you.
Don't forget, a company can only buy back 25% of the AVERAGE DAILY VOLUME. Doubtful the big trade had anything to do with the buy back. just saying
They MIGHT say something like, "we are on target(or maybe even are ahead) of our quarterly earnings. They MIGHT say how many of the company's shares they have purchased this quarter. They MIGHT say a multitude of things that MIGHT give the impression that this crash is blown out of proportion . OR they could just say the company is on its way out of business. BUT SAY SOMETHING!
Rex, I have the same thoughts. This is a huge drop. But the pharma loby group is one of the largest and our Reps. in Washington like to be bribed!
What I would like is this company show us that there is any kind of leadership associated with it. Stock price cut by almost 60% and not a peep of acknowledging it or any attempt to defend it. Sad.
Analyst reaction to the sale has been positive. Most see the deal as an obvious step in the Mallinckrodt’s desire to refocus its business.
A group of Goldman Sachs analysts, Gary Nachman, Divya Harikesh and Mack Kerker, said the declining and lower profit margin imaging business (CMDS) has “been a drag on the company’s overall growth and profitability.”
Your last post here says "Mallinckrodt estimates that once the deal closes in a few months it will lose between $415 million to $425 million from its fiscal 2015 revenues. That translates into a REDUCTION of diluted, adjusted EPS of between $0.35 and $0.45. The CMDS business had about $210 million in sales during the first half."
And then later in same post says
MNK sells, for $270 million, a business that generated annual net profits of around $47 million
Which is it???
Are you cutting and pasting to make your own point? Makes no sense!