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Monday, 07/25/2016 3:05:03 PM

Monday, July 25, 2016 3:05:03 PM

Post# of 345700
cdmo went public last week...

http://finance.yahoo.com/quote/PTHN/profile

http://ir.patheon.com/sec-filings

http://ir.patheon.com/sec-filings

http://hsprod.investis.com/shared/v2/irwizard/sec_item_new.jsp?epic=patheon&ipage=10471316&DSEQ=1&SEQ=18&SQDESC=SECTION_PAGE

initial read MC is about 2 times sales with gross margins less than 30%. 400 clients and 26 locations. 4 biologic facilities.

that being said, AVID should command more than 2 times sales given margins which probably has to do with biologics. AVID would make a nice in house facility for BP.

value still at disconnect .... AVID value should be $200 to $300 mil... cash is cash and bavi and other IP should be worth more than a negative $100 plus million. How will mgmt fix the disconnect? They need to fix it or sell the company IMO.
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