Its been a great company to short ! there has been widespread dissatisfaction with the Breo & Ellipta rollout, not even close to making projections.
Jeffries is the investment banker for ACRX & have underwritten the last couple of offerings.
What planet did you say you were from ?? "minor set back"...... are you brand new to this sector ? Developmental spec stocks need to hit their objectives & when they don't ...... WATCH OUT BELOW.
MS also raised estimates & targets for a number of other airlines---i.e. UAL & DAL
Yes---a low PE does mitigate the valuation risk & reflects integration risks/concerns which have historically proven to be difficult).
Morgan Stanley raised their target price from $50 to $55/share. 2014 estimates remain at $5.80 & 2015 goes from $7/share to $7.80/share.
look at mankind---gave it all back. $20 ??? no economics to remotely support that guess. It has a shot at $12+.
That is pretty much the underlying consensus---as even the less positive have been raising their esimates to the $1.90++. It's more about guidance, fuel prices, PRASMs, int'l noise, cash redeployment--on the conf call. Hopefully can be + enough to keep the LOADS of fast $$ hedge boyz in the name. The story shoud continue to march on to $50 or so level over the next 6-12 months based on strong outlook, fuel being $3 area. Sure looks like a favorable risk/reward.
I think crammer is shrinking --- have you seen how little he's gotten ? pretty soon he'll need a booster seat for tv
S&P ???? since when do they have any research impact ? don't look now but AAL has a market cap over $30 Billion-----it didn't get they from retail investors.