How about this ?
I hold CEMP…and would not mind a buyout. But I am not as greedy as some I see posting on the board. I would be quite pleased in the $60-$70 a share range and pocket the money…and move on.
I was in and out of BLUE…made a small profit and moved on. Way too risky for me. I was not confident it deserved a valuation of $80. When it hit $120 I got out.
We all make mistakes. Guess this might be one of mine.
Yes…but for those "hoping" for $150-$200 per share are kidding themselves.
GEVA got bought out for over a 100% premium.
So that makes CEMP right now valued about $60-$80 as a buyout at the HIGH end of the mark.
You are taking a company that closed Friday at a market capitalization of $1.69 Billion and calling my $3 Billion (based on the $60 per share) as "Low". That is actually a very nice premium.
So lets say I allow for a "Double". Sell it for $3.5 Billion which makes it closer to $70 per share.
I would consider that by any measure. more than generous.
You seem to be looking in the $200 per share range. Gee, I hope you turn out to be smarter than I am…I will be looking at new car catalogs if you turn out to be correct.
Tough to judge sales numbers. Gilead wanted $84,000 per regime of Sovaldi. The prescription drug managers like Express Scripts got them and Abbvie into a pricing situation. That sets off a whole new arena (and opened a can of worms) that is very difficult to undo.
That an Bangladesh has copied the drugs for $10 each. Not that they would have paid Gilead prices…but I am saying there will be people who take a trip (vacation) to India and Bangladesh…buy the "copy cat" drug and safe money.
So going by future sales is difficult. I would make the offer based on current value of the company and a conservative valuation of what you would pay for a company of this size.
I think right now a $60 buyout would be fair.
I would consider that greedy. If you buy a stock (any stock) at say $20 (which I am sure some of you bought CEMP at about $20…and someone gives you $60 for it you would turn down Triple your money ?
I will gladly take $60 a share and move on to the next stock (biotech or not) and be happy that I made a profit. Won't go broke taking a profit.
Biotech stocks are funny…they can swing wildly on "potential". In this case the end product is a bit more understood. This is not a cure for cancer or a cure for ALS or even MS.
Its a more stable biotech which will probably more more responsibly, in a controlled upward fashion unless a buyout offer is actually made.
Now a buyout offer could send the shares through the roof…but my definition of that is say $20-$30 up in one day. I do not foresee someone paying triple digits for this.
In at 94 out at 109.70
Going to see if it pulls back just a little. Not looking for much, but this type of move tends to have to "rest" a couple days.
Long term winner…looking to get back in slightly lower.
Was contacted by a recruiter in Tennessee for the new facility in Windsor CT. Answered all the questions for the Area Operations manager position…and she flat out send an e-mail rejection.
I have my Bachelors degree in Management and 15 years of distribution experience with a major retailer in a facility bigger than the Amazon building that is being constructed in Windsor CT.
I have contacted corporate HQ…but was wondering from Amazon employees here…what position would be considered a level below the Area Operations manager slot.
I would love to work for the new Amazon facility…but got the door slammed in my face by a rather rude recruiter.
Any help would be appreciated.
I interviewed about 2 weeks back for a Distribution center supervisor position. I know I am qualified for the job, agreed to work either 1st or 2nd shift.
HR person has "vanished" on me…I have sent 3 or 4 "Thank You's" explaining that I would love the opportunity to work for him.
Does this happen all over the country in these facilities…or is HomeGoods unique like this. No response at all.