could be wrong, but guessing there is some selling ahead of Jazz call on JZP-110 -
End of day, if they get good data on SO, FLML becomes a path for someone to launch in 2020 as opposed to 2026 - that's worth more than today's price. But requires patience.
As an aside, and haven't looked at this for awhile, I believe once approved could launch anytime, but subject to treble damages if Jazz can prove infringement - FLML can't take that risk, but maybe a larger company could.
Also not sure about the REMS timeline, nor have they provided much info on this.
you're trying to win the master of understatement aware aren't you?
Mylan should have sold. Perrigo should have sold. They both thought their businesses were worth more than they are.
But shareholders wanted Mylan to sell. Management didn't want to lose their cushy spots. But they did #$%$ away alot of their own shareholder value as well - no matter, they'll make it back in comp in the next year or so.
Wish there was a way for the activists here to force down the management comp, which is a total, total joke.
This is not that bad a business, but management is completely self serving.
John, help us out!! Put the hammer on these aholes...
I don't see a long term sentiment option for 'hopeless', but that's where I'm at.
On company itself, my guess is they more or less hit 1Q number, lower full year to $4.50. Next year probably closer to low $5s. Stock is still cheap, but management...well, I already expressed my views there. Geez...
Thanks for details - just out of curiosity, how did you get the numbers on this?
Wouldn't MFC be ahead of most debt holders as a secured lender and aren't there a fair amount of assets here, implying a pretty good recovery?