Everyone else has said what to expect - even the weak kneed analysts. I say they nail it yet again (8 in the last 8) with a slight beat and guide softly to which WS once again hacks the SP. I'm long since Friday by the way.
It's not quite a news flash, but the entire bio sector including drugs have been under pressure since the infamous Hillary tweet. The campaign promises that are never kept may continue to suppress the entire sector until we change the guard in November as some analysts say. Or maybe if Hillary is dumped as a candidate. But the short sellers have been on the cake walk ever since with LCI as the poster child.
For your investing consideration. This has beat earnings 6 out of the last 7 quarters and the other was a meet and yes the PE is accurate. The market cap is 27% of what it was a year and a half ago with less than half of the short interest (was near 50 and now around 25%). Most usually earnings are preceeded by drops before release followed by a month long uptrend. It has lost over half it's value in the less than 3 months (from 41 to 18). Meaning it is one of the most precarious long investments you may ever the displeasure of owning. Risky is a bland word to describe this stock.
Anyone that traded or held VRX was juggling knives anyway. Can't have any balance in fundamentals with such a steady stream of acquisitions even if you're an Icahn or T. Boone Pickens. You're going to get a bad apple and we all know what that does to a portfolio. Some say it's a new ballgame, I say the IBB has to correct upward soon. Halo too.
This down draft started long before there was debt and the short contingent thereon. Let's say later 2014 which was before the acquisition. Don't believe it, just look at the chart.
The without volume Friday spike was definitely not due to cover (which takes 18 trading days BTW) since it was less than the daily volume. Kind of brings a tear to your eye doesn't it?
You've obviously done your DD and found the impeccable fundamentals. Before the Kremers acquisition there was no debt as I recall along with the single digit pe. So all you have to do is look at the one year chart and it becomes clear. There was a FDA involved price fixing investigation that I don't think has been resolved and the shorts take you to the cleaners. Any rise in PPS action is shortly followed by sharp drops. It's simply a game the longs can't win - end of story.
Good one lester. The fire sale didn't tempt me a bit either. The shorts can keep their favorite toy. It's a real cute dog but it only knows one trick.
Congratulations on your well timed profit. And so it goes in the world of biotech especially in this "take no prisoners" downtrend. I also took profits at 15-18 and recently got back in. It's a gut hunch you know. I think there are some really good picks on the bio tree now.
That's what I like to hear - an overly confident, last to know short. I've hit the 2 and 3 baggers on this so many times I've lost count. So when this hit the 7's and the geeks filled the streets, I hit the big Buy button (today). Watch them little porkers run for the gate - too bad they can't all get out at once. Yeah baby!
Sentiment: Strong Buy