Enanta Pharmaceuticals Inc (ENTA)

[Rocky3]

Basically every single piece of bad news that could happen is baked in to the price

I hope you don't really believe that. Sounds too much like the "5 things that could happen any time."

What if it turns out that the Bloomberg script numbers are accurate so far, so that the first quarter sales numbers are below estimates?

And if MRK numbers come out as good or better than ABBV and GILD and MRK announces that it will compete on price?

And if ACHN numbers are competitive and it says that will take market share based on price?

And if ABBV has a similar or worse warning to doctors like GILD had on Friday?

I think there a lot of things that could move the price down. And the overall market is one of the most likely. There is no such thing as a sure thing. Surely MNTA has shown us that.

All that said, it sure look like a cheap stock today. Those with cash should consider putting some to work. Just hold some for lower prices and plan on holding for awhile.

JMO.