Solid results and reading between the lines sure sounds like things are improving for them. All of us have read a ton of earnings reports the last couple quarters and finding any that show decent revenue growth and decent profitability a solid balance sheet and a good outlook are far and few between.
For me, this has been a difficult one to hold even though I am very late to the game and am about even at a $7 share price. With the swoon of many other little company stocks in the last 2 weeks it is even more difficult since I am sort of itching to buy much bigger pieces of several others. That said, I really hope after tonight I am clamoring to buy more KTCC and b_fr_nk and you are doing cartwheels.
Weird, but the stock I really feel good about right now is EMMS. Reminds me of several of my biggest ever gainers. Then there are other days I think I should just sell everything and dump it into PNNT and not place another trade in my lifetime....but no fun in that.
maybe they announce after the close today?.....or not.
That perfectly illustrates why Yang and many on Wall Street are really pretty stupid people. I have no issue with Yang lowering his estimate of the probability of success. However, the target price must remain unchanged if Yang has even half a brain. The only thing Yang changed was the likelihood that it gets to the target price. Had Yang said something like "we are lowering our target price to 7 from 13 because we believe their will be approximately twice as many outstanding shares as our earlier estimates"......then I wouldn't have any problem with what he said.
I know I am barging in to this conversation but I like this sort of chatter. I own a bunch of stuff including these 4 that I think would make the world's greatest 4-stock portfolio over the next 2 - 3 years: RFP, CNAT, EMMS, PNNT
All are great buys right now....and maybe even better tomorrow...ha ha.
It is a little bit of a weird mix but all are totally independent of the others in about every way and I really do love each. I added more CNAT and EMMS and PNNT shares today. I already have a full load of RFP. With respect to EMMS, I haven't felt this good about a stock since I bought NAVR/SPDC when it was 38cents before the run to 4.
Congrats, you made me laugh! A "scan", a "SCAN", you say a "scan"? I assume you meant a stock screening program but since you have never used one you didn't know what to call it. Instead of being a such a dolt, you should buy some VTSI shares and enjoy the ride up. It is already in progress and will continue climbing for many years. Remember who their customers are and you may just start to wake up.
capt, You say that like its a bad thing. You do realize that best case they will need NO ADDITIONAL cash to get to final FDA blessing and that worse case they will only need about $20million to get to that point. In any event, the total shares outstanding when revenues begin to climb will only be about 30 to 38million which in the world of biotech is about 0 and is as good as it gets.
The cc was pretty fabulous if you ask me. I've added about all of today's tiny volume to my share pile today and will continue to do so. Even if they do a 1 for 4, I am fine with that as it will make them more viable in the eyes of their customers, help them get/close deals, and open the stock up to some funds and institutions that otherwise could not play. It also helps retailers with commission costs at some brokerages.
I don't think I've heard many ccs that were more upbeat.
That's funny!....also always better to be lucky than good.
by the way, I often don't follow my own advice and engage the lowlifes as well.
Listen to the last 3 or 4 cc's, in my opinion the risk of a dividend cut is about zero. In other words the div is VERY safe. If anything, there might be an additional one time extra div in a year or so since their reserve cushion is getting bigger and bigger.
Another thing that struck me that goes to your point about pulling out all the stops. Earlier today a poster described the cc as combative during the Q&A. I just listened to it and it was a beautiful call and there was nothing even remotely argumentative during the Q&A. All questions were answered completely and patiently and thoroughly even when the questions themselves were sorta lame and showed the questioner didn't really understand some basic things.
I will also add that everyone should listen to the last 90 seconds of the call. That too tells you what is possible.
All anyone has to do is ask themselves this question....if I had cirroshosis (sp?) would I want to be on this drug? Answer is crystal clear.
Just reread my post. Even if the big bang is only with high MELD patients (and that seems to be a slam dunk), that is enough to turn this into a 10 or 20 bagger from here. If it does get approved for all then the sky is the limit.
This company is going to save lots of lives and make us a pile of money.
I just spent 2 hours studying the slide presentation and listening to the cc. Bottom line, the drug works and it works on everyone. The "everyone" part of this is about the most astounding news in the cc and opens the door to an upside that is really limitless. I spent several years of my life with these sorts of statistics and analysis (all in the name of trying to optimize recording head and drive yields....you don't want to know so don't ask) and it is crystal clear these guys have something really good.
Like you, I've hit a few grand slams and home runs with stocks....CNAT will be another. Thanks again to you and b_fr_nk for mentioning it.
own shares or are thinking about buying some, then listen to it. Extremely encouraging on many different levels. PNNT will be back to 6.60 within a week and will likely be over 7 before the next div payment on July 1st.