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I'm sure you've listened to enough Rick Shea calls to know not to get your hopes up.
fixed it for ya.
Yes, Congratulations! (again) to Craig and everyone at Momenta for not achieving anything relevant to shareholders for 422 consecutive days!
Dear mnta_rocket:
your pretty drawings and suppositions have been completely, totally, and in all ways inaccurate.
beating up on children doesn't help your cause.
this is what trial lawyers do on tv, ig.
manic much?
+1
spot on and as a bonus, funny as hell!
"Have you ever seen a sad cheerleader?"
He may well be full of it, but that isn't what jbog said. Parse it.
Quote:
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Your post and links don't indict jbog. So what is your point?
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Interesting. So, one minute jbog is saying he's not going long MNTA because the share price could go much lower and he'll wait to buy even if its higher once the dust settles. Then in supposed reality he buys minutes later? IMHO, jbog is similar to IG in that he's completely full of $#!&.
Your post and links don't indict jbog. So what is your point?
Wrong color pom-pons?
Why do you assume that?
So I am assuming anti-trust authority would question them as it may likely curtail entry of competition in case of Copaxone.
That's a different topic, isn't it?
Besides contractual agreement with NVS may also preclude such an acquistion before MNTA completes their share of the agreement(which is development and regulatory work for generic copaxone)..
MNTA and TEVA are competing on zero currently marketed products and MNTA doesn't set the price on mEnox or will on mCopax. Right? Where's the anti-trust concern?
Probably. Since they no longer need to raise cash, they can start stepping back from their false FOB construct.
false premise.
Stock buybacks, especially for companies like MNTA, are public admissions that say "Folks, we're out of ideas. We don't know what to do with this money, so we're gonna give it back to you."
I concur, jbog. MNTA's fat wallet shouldn't be used as a guaranteed bonus/employment machine for management. Is the BOD captive?
As of today, Momenta has a Balance Sheet and P&L statement that many companies would drool for, so if I think about it, Momenta's board and management can't get into any trouble when they just hold cash.
This condition has put Momenta's management in a position where it doesn't have to do anything to be deemed successful except cash their paychecks and sell their stocks. It's going to take some unhappy shareholders to shake the tree.
FOB partnership? hahahahaha!
Isn't it clear by now? FOB partnerships are just a bullet point invented for the term sheet (and used by all small bios).
really? got a link?
DD and flo say BUY
so why post that superfluous chart?
in terms of dollar sales, am i wrong in thinking that mnta revenue from m-enox has shrunk?
No, not because I don't kind of agree with you but because it's just a big waste of time.
A thoughtful question before the next annual shareholders meeting might be the better tack.
Investorgold is correct in point, if not in style. (Dude, that email thing you got going = FAIL).
Can anyone, who has paid attention, say that MNTA's story hasn't wandered over the years or the past year? IG, et al., have ingloriously pointed out that the story has changed. And then changed again.
Is this an FOB company? How would we really know?
The only things not needlessly shrouded by CW and the BOD are executive bonuses and the victory of m-enox.
oh posh.
so what is MNTA actually doing with its growing stash hoard?
What's the ROI on that cash? Is it better characterised as an asset or unemployment insurance for the bosses?
He has emphasized the same falderal at every public meeting and call that he has spoken at since being hired.
I don't see him as adding much value as a CEO, do you?
craig wheeler doesn't exactly fit the textbook definition of an entrepreneur. but ernst & young does fit the textbook definition of corporate client (auditor) and bootlicker. not that these sort of paid for awards matter much.
You'd think. But I've always wondered why shareholders didn't object when GTCB, a profitless company, bought back their shares from Genzyme, and then sold multiples of those shares on subsequent lower and lower and lower priced financings. I don't recall your objections to that malfeasance, dd. I guess we all live and learn, aye?
That is interesting. Accumulating an ever larger hoard of cash, in and of itself, isn't typically the best way to maximize shareholder returns. Smart people like Palo Alto Investors understand this.
Of course, management interests and shareholder interests aren't always aligned.
Queue rant by the bad humor man in 3, 2, 1...
Most interesting was a presentation from a major shareholder - Palo Alto Investors. I am familiar with Palo Alto. They have been a shareholder for 5 years, and have not made much money over that time. Their big thing is share count - dilution by another name. Proposed buying back stock. Had 4-5 boards with graphs and "fiduiary duty" definition. Clear that they had been talking to management and board of directors on topic for months.
i won't bother pointing out the myriad of logical fallacies in your post, tennisman. it's not worth my time or your time, which is much better spent petting unicorns and chasing rainbows.
however, i will say this, telling people that they are clueless, stupid or otherwise ignorant is in no way persuasive. put down the pom-pons. critical thinking involves criticism, stop taking it so personally.
still got the touch, GS! cough, gtcb, cough.
;)
Shea does have his own style - flat, boring, torporous. I have listened to several calls featuring Rick Shea. Face it, he's not a great presence at those kind of things. Does that make him a bad CFO? No, but it's certainly something a highly compensated executive should be more skilled at.
Don't you agree, GS?
So your position is that they are both unwilling (FOB's) and unable (M118) to get a signature on the bottom line?
That must be why on every call, quarter after quarter, year after year, management TALKS about partnerships...
but is $40/sh a steal now?
or only at some point?
for a company that has been unable or unwilling to negotiate a meaningful deal for lo these last many years, $40/sh would be a gift.
company, platform, whatever.
i was just in a skeptical mood.
here we go again...
i was just thinking:
mnta management is not good at negotiations. they think they are better than they are. they just have mL.
it's also a convenient cloak for management.
to paraphrase, "we haven't done any deals for 32 consecutive quarters but we're close..."
it calls into question whether their "platform" is really just lovenox.
don't you agree?
I agree rocky. Seems like all that cash may be burning a hole in their pocket. I'm not necessarily against that but they should clue in the shareholders as to what they are doing.
at least you know you have a problem, urche.
i was just reading a fascinating article about links between depression, self-esteem, negative schematic beliefs, delusions, hallucinations, oxford commas, and stock price volatility.
evidence from the case study:
http://bit.ly/jaamJD
So to summarize, you find it hard to beleive the factual, obvious and well known?
Can you recommend a good bourbon?
Small scale corporate malfeasance? That seems like a slippery slope.
did you read the pr? any such thing that lectures shareholders seems like panic to me.
We acknowledge..
It is important to note...
It is important to remember...
i read panic all over that pr.
The expected value of discounted cash flows incorporates that nonsense.
"The NPV approach assumes a going concern. Companies are often acquired for more than their NPV would justify."
Competetive reasons or reasons of ineptitude? What's the fricking hold up? How many quarters will you believe their old saw, 10is?
"For competitive reasons MNTA management will not be providing a lot of visibility into its FOB pipeline."
You're both wrong again. It's not rational to think of anything other than the discounted value of expected cash flows (sale price + dividends).
All of the timing is out of management's control.
Has the management done a good job? Where is the FOB deal? How many years do we have to wait?
So much of the timing for Mcopaxone's approval is out of managements control so it would be unfair to set a timeline which punishes management for doing a good job.