Many on this board are under the assumption that Triferic will be as profitable as other new patented drugs. This is not the case and RMTI will need significant volume to produce $2 in eps by 2017. It simply is not enough to have the product launched. I believe that RMTI has the capability to produce significant profits, but based on the market's reaction and the price falling from $18 to $12. I doubt we get a big move to $26 as some are suggesting until we see actual profits and significant volume of Triferic sales. I own the stock and will hold
Yes, he did commit to the August dead line, and perhaps he will still announce something. The August dead line is not as important as having a successful Triferic launch
Finally, someone made a logical post. I tire of the needless banter of both pumpers and bashers on this board. The future of RMTI rests solely on RC's ability to successfully launch and generate sales from Triferic and to a much lesser extent Calcitriol. Any unwarranted delay due to the Dow, etc being down would be ridiculous
NE will not have to cut the $.375 quarterly dividend this year because they have a sufficient backlog; however and unfortunately, due to the continued supply glut of oil, future day rates will be down. It is therefore smarter to cut the dividend in half now even though they received the BP litigation payment. In turbulent times, it is better to keep a substantial reserve. The anticipated cut is already reflected in the current share price
I have a long position and am prepared to hold for a couple of years until industry economics are more favorable
I don't post much anymore as all the pumpers bashed me numerous times when I sold half of my RMTI holdings at $14, leaving my remaining shares paid for. I've owned RMTI for about 3 years now.
With bundled pricing, I'm concerned about how profitable Triferic will be. I also don't understand why it is taking so long for Calcitriol to be launched.
There were no new contracts nor contract extensions reported. That is significant and is not good (unfortunately)
Oil is getting killed on fears concerning lack of Chinese and Japanese economic growth. Unless we start to see the oil supply glut imbalance addressed by OPEC, I don't see much short term chance of good news for under water drillers
You have been correct on Vale since Dilma was elected in Brasil.
I want to get back into Vale, but we are still going down and a huge supply glut is depressing prices.
What are you current views on oil? I believe that we are setting up for a year end rally. What are your thoughts?
On July 17, we were $18.90 and today an Morgan Stanley analyst comes out with a negative opinion and the world of RMTI is crumbling. It looks to me that the CEO just has to perform and get Triferic sales going and we will see the share price spike back
Just answer the question...how much will Triferic have in revenue and profit in 2016? That is not complaining, it is a simple question. My concern is Triferic will not be as profitable as many think.
I agree with your sentiment. I don't see much in the way of an August launch for Triferic. My concern is with the bundling, how much profit is going to be obtained in 2016?
Eventually, these startups will trade on the basis of a P/E multiple. I would like to hear how much profit is to be expect next year. Then you can make an assessment about what reasonable price forecast to use for RMTI
All of these stocks are trading a multi-year lows. I believe that in the 4th qtr, if NE decides to cut the dividend, they may go after Atwood. They have won a $136 million settlement and the NE CEO stated that he expects to be paid without further litigation. That will give him more funds to go after an acquisition or to just ride out this storm, which will eventually clear
I'm getting ready to go out of the country for a few weeks and if you read something of value, please post here of NE board
I own NE, but this entire industry is out of favor and will continue to be so until the day rates start to recover. If you look a t a chart for SDRL,RIG,ATW,NE,ESV, etc. , you will see that we are close to all time lows on a split adjusted basis
It takes a steel nerve to hold these stocks until the cycle swings in favor of the drillers. It will swing, but there is a lot of uncertainty concerning how long that will take . This weeks reports from BP,XOM,CVX,TOT all paint a pretty bleak outlook for the price of crude for the foreseeable future. I'm selling calls and using the revenue to buy puts
When you :
1) see day rates start to go up
2) crude prices go up
and basically when the balance between demand and supply eliminates the current 2 mm/day supply excess
No one knows the answer to that, but when the majors cut exploration capex, that reduces future supply. Depletion has a natural reduction in supply every year . When the shale drillers cut back production because they can't make money and get a loan for new leases/drilling
All of these things are happening and they will all have a positive effect on future off shore drilling requirements
This is a cyclical industry and the cycle will move back in favor, but it will take some time unless some exogenous event (war,hurricanes, etc) take place