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wow must be earth shattering news then.
i couldnt find anything online regarding this. do you know what it says?
what did biotech stock research write about back in june?
Don't you think it has to do with being added to the Russell. I do.
yes, until the shorty mcshorts move on
i see that too
how do these analysts put a $10 price target on this? i would love an explanation from them now.
I'm long SIRI
Just posting what he had to say
Duke: Buffetts & Earnings Disster? 4 minutes ago
Vegas is famous for the all you can eat buffet. The Bellagio probably has the best on the strip but if you are looking for something that does not cost a king's ransom you might try Paris, Las Vegas for comparable quality. If you have been here before you know what happens, everything is included so you eat too much and wind up stuffed.
This week SIRI added over 580,000 new subs and while everyone hailed the achievement SIRI may soon have that bloated overstuffed feeling itself. The problem has to do with accounting rules that you may not totally understand.
When a casino builds one of the mega resorts for a billion dollars the government and accounting rules say that it is a capital expenditure and must be depreciated over 31.5 years or longer. That means that earnings are going to take a hit to the tune of 32M a year and FOR THE MOST PART depreciate is the same every year which makes predictions easy.
SIRI is in a different kind of business. It pays an outright subsidy to auto makers for each radio installed in new autos or in some instances pays for radio that is installed. The problem is that SIRI has no control over how many autos are built in a quarter and so can not accurately forecast its quarterly expenditures. What is worse is that SIRI's expenditures are considered expenses rather than capital expenditures and must be counted against income immediately rather than depreciated over the life of the radio.
What that means is that a big spike in subs implies a big spike in immediate costs. If you read the David Joyce piece carefully he said Sub acquisition cost could rise to 74 from 59 last quarter. This would have a substantial negative impact on second quarter earnings.
Your next question should be, but what about the payment SIRI receives from the auto company. Typically, it will be paid after the car is sold which will means payment in the third quarter. In some cases, it is paid when the auto rolls off the assembly lines. But that does not solve the problem even if SIRI got more money than the subsidy. Let's suppose SIRI paid C $72 for a subsidy in April and got $96 back for a six month sub on June 1. Everything is great...a nice profit. Sorry it does not work that way. For accounting purposes SIRI recognizes $16 in income in the second quarter, 48 in the third quarter and 48 in the fourth quarter. It is called deferred revenue and you can find it on the balance sheet.
So what does it all mean. When there is a big upswing in subs, the costs are borne upfront on the P&L and the income is recognized later. This could lead to an ugly earnings report in Aug. The company will be better off financially but the headline numbers will not reflect the reality. This is the bear strategy.
The Duke will be plying in the second day of the Main Event this weekend and hopefully beyond so maybe LR or Dixon can rep0st this Sunday.
then tdameritrade is incorrect
then tdameritrade is incorrect
its 12100 at $2.23
Is anyone in Tustin to give an update on this mess?
nope not at all, even when they put their fictitious price target out there, they were never on the bid
that was quick off the bid
ROTH finally on the bid for 100 shares wow what balls
B&W Equities is in Borough Park in Brooklyn. I'm checking it out tomorrow.
its a trade that missed the tape during the trading session. it will be posted as an after hours form t trade
has to be a late trade from earlier in the day
That quote that I quoted came directly from their website.
So then post a link to the report where we can read it.
Does anyone have access to http://www.biotechstockresearch.com/
June 2010 - Peregrine Pharmaceuticals
Subscriber direct access
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Main Story - Peregrine Pharmaceuticals - pgs. 1-18
Macro Commentary - "Summer of (un)lovin' " - pgs. 19-23
BSR Coverage Update - pgs. 24-49
BSR Model Portfolio Update - pgs. 50-51
Subscribers are aware we've been casting about for more companies to add to our coverage universe, but haven't had much luck. We typically spend a few weeks working up a company. If things look OK, we'll contact management, debut the company in the coverage universe, and very likely add them to our Model Portfolio.
When we find something amiss, we usually just put the company into a file and watch until what we think is amiss gets fixed. For really egregious companies or when the market is really missing something (Geron, Northfield, BioPure, Cell Genesys, etc.), we'll work some of our research into our commentary.
Peregrine doesn't fall into the cohort of the companies mentioned above, but it isn't ready for our coverage attentions, either. So why did we write about it instead of file it away with all the others? We thought it was a good chance to show why we file some companies and a teaching opportunity for how just because you spend lots of time doing due diligence, you don't owe yourself or the company any of your investment capital.
We also make important updates to our revenue projections for Dendreon's (DNDN) Provenge as well as our share price expectations into 2011. The update covers 11 pages.
We also update our coverage of the following companies in our coverage universe:
Dendreon (DNDN)
GenMark Diagnostics (GNMK)
ImmunoGen (IMGN)
Repros Therapeutics (RPRX)
Resverlogix (Toronto:RVX)
Seattle Genetics (SGEN)
ZymoGenetics (ZGEN)
© 2006-2010 Biotech Stock Research, LLC. Use of this site is governed by the Terms and Conditions.
please don't defend management. you definitely know better than this. we have chatted before. there is no reason for countless ATM into a weak market and again into the Russell.
we have a mathematician here
really dont care if you read what i write
the one that matters east coast
LMAO I love all these $10 price targets. Unfortunately PPHM doesn't want the PPS to go there.
There is an answer....NEW MANAGEMENT
what legitimate company starts a buy at 1 AM?? BS
there better be excellent news released in the next few weeks. this bs shelf, shorting, manipulating, is a bunch of bs.
what the heck is garnick and garovoy doing over there??
such promising science run by a ceo that seems like he comes out of the ranks of stratton oakmont
nice fresh 52 week low
After Hours Last:
Net / % Change $ 2.72
unch (unch) After Hours High: $ 2.74
After Hours Volume: 541,844 After Hours Low: $ 2.72
Learn more about the After-Hours trading session.
Trade Detail
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
16:31 $ 2.72 200,000
16:28 $ 2.72 100,000
16:06 $ 2.73 240,344
16:01 $ 2.74 400
16:01 $ 2.74 400
16:01 $ 2.74 100
16:01 $ 2.74 200
16:00 $ 2.74 400
Read more: http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=PPHM&mkttype=after&symbol=PPHM&symbol=SIRI#ixzz0rnzvyXlr
link please
agreed so everybody needs to strap a pair on
that would be too easy
of course they did, why wouldn't they. they don't want the pps to rise
agreed, always a manipulated stock
absolutely, we all know the pps should be much higher. why mgmt does not want to see it move higher is beyond me. it's not like they are becoming billionaires off of this
WHAT A JOKE
wow now they are paid writers for pphm way to go!! can't wait to get mine in the mail!