Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

While not novel, allow me to offer something in response to the glee associated with the p/s bumping into a red light...

As it relates to the value of a company, the p/s is as related to valuation as the speed of a car is to its destination. All the speed of a car tells you is how fast it is going, not whether it is going in the direction of its destination. The p/s does not convey a full or firm grasp of the future earnings potential upon which the value of a firm is based. So, for those paying attention, having the FDA accept the submission of ELI200 and grant priority review as a lead up to approval are undeniably materially positive to the value of the company. Then there are the subsequent submittals based on the same tech and likely to have little difference in approach and result. Simple to understand...really simple.

And, in the time it took to write the post, my goodness, to what to my eyes does appear? A green light!! What does it prove? Well, in short, my basic premise!!!