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Looks like Market has responded well to the news of Berger's impending retirement and Ariad's takeover by vultures.
FYI: My comments yesterday, which were met with some surprisingly rude responses, were more about investment philosophy than about HB or Ariad, per se.
I also saw my Ariad investment plunge to near zero in the fall of 2013 but stayed in, as many of you did, because I feel strongly that this has been a well-run company.
Vid, how long someone has been commenting on an investment blog is completely irrelevant to what their knowledge of anything, including Ariad, may or may not be. What an odd thing to say.
Anyone who has "everything" in one stock is, IMO, not a wise investor, esp. if they're nearing retirement, and I challenge anyone here to find one professional and responsible financial advisor who would say it is anything other than completely unwise and reckless to do so.
No, I did not study at Moscow U.
Why are you all so rude? No need for that.
He's mismanaged Ariad because you say so?
I don't think he has mismanaged it, at all. I think he's managed it very well.
It's unimpeachable. And no, 2da is not unimpeachable. Neither am I, or you or anyone else here.
No one knows the future.
Again, wisdom.
Maybe. I just don't happen to agree with those who think that is the case.
Where are you guys coming up with this 20 years, 28 years nonsense? Are you hoping Ariad is NOT around in 20 years??? Then indeed you should not be investing in this company because it means you believe it is going to fail. In fact, I based my decision to invest in Ariad on who the CEO is and a strong believe that this company will be around in 20 years. THAT is a successful company.
I'm a she.
No. A CEO's first and only responsibility is to making the business succeed.
And when it comes to pharmaceuticals, a CEO's first responsibility is absolutely not so much to the patients, per se, but to steering effective drugs to the market that will help patients.
Your belief that CEOs are responsible first to shareholders is a mentality that arose in the "Greed is good" 1980s and is exactly what spurred so many of the problems we've had with the economy, with greed, with a few attaining obscene wealth, day trading, shorting stocks (which, IMO, should be illegal), etc.
Also, a pharmaceutical company, unlike most other industries, has a third part involved, namely the FDA.
Basically, what Dr. Berger was saying is, if we focus on the patients and getting good drugs out to them now, the shareholders will win in the long term.
Again..it's that wisdom thing (which used to be common sense and standard business practice).
And he did communicate to both.
This is my last post for the day.
Above: just saying a comment is off base doesn't make it so. My comment is not off base at all. It is for people who are not wise and don't understand what wisdom is. It's not for those who do. Notice BR didn't even consider that Dr. Berger was communicating to the shareholders with that comment. He most certainly was!
IT has everything to do with wisdom. His statement is not weak statement. You believe it is because he's keeping his eye on the ball, the mission of Ariad, which is to discover effective cancer-fighting drugs and therapies, rather than being beholden to shareholders first (i.e.: quick buck, shoddy company). The wisdom comes in knowing that, if you keep your eye on the ball, on the mission of the company, the grassroots purpose of the company, the payoff will come….later rather than sooner, but more stable and for long term. That is what Dr. Berger is saying, and THAT is the wisdom he possesses.
A CEO who can publicly state that his priority is to the actual mission of the company and not to its shareholders is actually making a very bold and courageous statement (because so many are shareholders like yourself). IT was in fact a very strong statement.
Shareholders who actually have faith understand his comment. Sharholders who lack faith and are thinking only about their own quick and huge return. So again, investing, esp. in individual stocks, requires faith. You have lost faith, or never had any, in the company in which you invested. Time to get out, then.
No, it is a wise statement from a person who has intelligence but also wisdom. Greed is the killer of wisdom and those blinded by greed cannot see wisdom. Investing, esp. in individual stocks, is a long-term thing and requires patients. Otherwise, you're gambling, and the Stock Market is not a good place for gamblers.
See, that very sentiment is not a good one to have if one is going to invest in individual stocks, IMO, especially pharmaceuticals. Stocks should be viewed as a long-term holding precisely because they are so volatile. Anyone who believes a stock will just go up and up and up and not have a fluctuations probably shouldn't be investing in individual stocks. In addition, pharmaceuticals have a third party involved, the FDA.
To view any stock as a short-term investment that must, to make you happy, hit a homer in a mere ten years and have no volatility is not very sound thinking, IMO. The reason you invested in Ariad, presumably, is because you believed in its leadership. You want to now change it to one of these hostile raider types??? Ugh. Not me: slow and steady, with emphasis on the science/product efficacy, NOT on the stock price and making stockholders happy sooner rather than later.
"I don't think he is the right guy to commercially leverage the IP he has created. "
Based on what?
I only get three comments a day, so….this is my second.
You agree with the pending leadership change….yet you invested in this company that was begun and has been piloted the entire time by HB. this makes no sense to me. Why did you invest in Ariad, headed by HB, in the first place, if you have no faith in his leadership? Denner strikes me as being a market manipulator, a quick-fix - er, and those people, to me, are what are dangerous to the Stock Market and companies (see: economic collapse of 2008).
If you want to gamble, if you want quick and high returns, go to Las Vegas. But if you want to actually INVEST in a company and help it succeed, go slow and stick with what it was you invested in in the first place.
Slow and steady wins the race. The Denners of this world are bulls in china shops. I'll be rooting for Dr. Berger.