1- Funding through mid 2016 .. so, my guess raise mid 2015 and probably no more than $50M
2- They say their drug is better than anything else on the market, but slides seem to indicate same perf as Latanoprost. Am not sure why this will be drug of choice
overall market is $5B worldwide and $2B in USA which is captured by
3- No other drug in phase 3 for approval, so theirs is first
ziopharm STS failure was in 2013 !!!
At $3.6, doubt any value is assigned to GBM .. Ex cash, is trading at $100M ... That is too low for stellar ph2 results and an ongoing ph3 with a high success probability
This is similar to nab-paclitaxel (Abraxane) for STS
one morning you wake up over the next few months
STS, OS data
Earnings in the 1st week or 2nd week of August .. can some one please call company and try to find out the date? ...
GBM is a wild card.
OS data from ph2 will show greater than 30% improvement in OS
Shipments of iron ore were up 25% in May over April
So, my question is why despite a 25% increased in shipment, shipping rates are falling?
GBM results .. anyone care to comment
looking to get long here
Why BDI keeps falling despite 25% more iron being shipped ... pricing stays low until demand exceeds ships out there .. then price spikes ... it is not a smooth transition .. Question is when is the breakpoint
For now, stock acting well
there are so many negatives on the horizon and fed is no longer on the side of equities and equity prices have appreciated so much that I thought we are gonne get much more selling today
We will see
some think these events are a buying opportunity as they do not relate to earnings and thus provide some buying.
BUT, fundamentals for owning stocks are terrible and a crash is coming
1- FED is no longer on the right side
2- Housing slowdown again !!
3- stocks are trading at high P/E when profit margins are highest
4- China slowing down fast
5- Margin buyer = weakest holder paying 7% interest - are high
This is a gift to sell here
and china property slowing down (too much inventory) and central banks are at the end of easing cycle
relative strength and price, major divergence between small cap and SPY, Housing on major slowdown again
Who would buy here .. this is best time to take profit
prices .. However, these margin buyers are first to bail out in the lightest drop in equity prices as they are bot levered up and also paying 7% interest.
These margin holders are most aggressive and are looking for +20% gain to offset 7% interest and pocket excess of 10% a year profit ... They are counting on 20% gain on SPY
However, #$%$&P fails to make news highs, as it looks that way (look at Relative Strength Indicator, RSI
S&P earnings are:
Q1, 2014 24.87
Q4, 2013 26.48
Q3, 2013 24.63
Q2, 2013 24.87
Q1, 2013 24.22
it is flat ...
P/E = 20 is not cheap and is not expensive ..
interest rates can not go lower ..
to say we do not need to raise capital .. One analyst made fun of them saying of you want to be a super company .. and they said no capital raise
and now $50M !!!
have a good weekend