Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
* * $ELAN Video Chart 10-07-2020 * *
Link to Video - click here to watch the technical chart video
Barron’s likes post-merger ELAN—but the stock is not a screaming buy (IMO):
https://www.barrons.com/articles/animal-spirits-for-elanco-pet-care-companys-stock-is-well-positioned-for-gains-51599848313
ELAN prices (upsized) dual offerings to help fund Bayer Animal Health acquisition:
https://www.elanco.com/news/press-releases/elanco-stock-and-pricing-offerings
ELAN acquires Bayer’s animal-health business for $7.6B in cash+stock:
https://finance.yahoo.com/news/1-elanco-buy-bayers-animal-101029292.html
With product expansion and mergers closing this stock should ramp up nicely.
ELAN acquires PETX in all-stock deal: #msg-148466146.
Barron’s showcases ‘TGDT’ attraction of animal-health stocks:
https://www.barrons.com/articles/the-animal-health-business-is-growing-how-to-invest-in-it-51553906098
The valuations of these stocks are not cheap, however.
OK, thx. Float is 80% short, not sure that fact alone would account for it completely.
A guess: Some people shorted ELAN when tendering their LLY shares in the swap, planning to cover with their newly obtained ELAN shares.
Hi Dew,
Newbie here. Appreciate your painstaking efforts. Do you know why this stock is so heavily shorted. TIA
Fenix
ELAN expands BoD:
https://www.businesswire.com/news/home/20190313005160/en
Exchange ratio for LLY-ELAN swap=4.5121, close to the previously-specified upper limit:
https://www.prnewswire.com/news-releases/lilly-announces-final-exchange-ratio-of-4-5121-for-elanco-exchange-offer-300808178.html
Re: ELAN’s pending full separation from LLY
LLY plans to divest its remaining ownership of ELAN via a share-swap tender offer (as PFE did with ZTS). Compared to an outright distribution, the swap offer is beneficial for ELAN insofar as LLY’s ELAN shares end up in the hands of only those investors who want them.
ELAN’s closest publicly traded facsimile is ZTS, the animal-health spin-off from PFE, whose share price is up 243% from its Jan 2013 IPO (#msg-84067350).
(From 9/19/18)—Elanco—LLY’s animal-health subsidiary—IPOs 72.3M shares @$24.00:
https://www.elanco.com/news/press-releases/elanco-announces-pricing-of-initial-public-offering
https://finance.yahoo.com/news/lillys-elanco-animal-health-units-213854965.html
ELAN’s market cap at the IPO price is approximately $8.55B.
ELAN derives about 2/3 of sales from drugs for livestock and about 1/3 from drugs for pets. All told, ELAN ranks #4 in the worldwide animal-health industry.
The stock begins trading under the symbol, ELAN tomorrow (9/20/18).
lol this is huge vol. look at the average vol. of 14,000.
thats what I gather as well. should be a no brainer right
So the shares are worth 65cents, is that right?
yipes, time to move onski
shhh-it's our little profit centre, for now...
nice action here...
no reason the huge loss; put me in for a few at 0.42
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
33
|
Created
|
10/10/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |