Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Hey, Nasdaq...Do you not find it remarkable that there will be posts that make statements about something that has already been decided or announced? Statements that reflect a clear failure to do one's homework. They seem rather like someone posting today about how the Panthers will crush the Broncos!!!

How could it not be clear that revenues do not come for free? How can one not know that businesses have budgets, capex, and other costs as a way of developing and commercializing products? How might one mistake the fact that, to effectively market their ADFs (plural), Elite will spend money on rent, manufacturing, distribution, sales and marketing? Is it possible someone would invest in a business and not realize that the business must spend money to make money? How is that possible not to know if one is to invest hard earned capital? Is it like thinking that one's parents are magically provided money without work? No...parents are not an ATM and companies have expenses. But, as I have said before and it is worth tossing it out there again...when one considers expenses, the question is of debt that portends failure in the short term (after all, so many are only looking at the short term, so we should be sympathetic to such an investment focus). This is not a problem for Elite. How do I know? Well, as a result of ever increasing revenues, Elite's current ratio is better than AstraZeneca, Allergan, & Teva Pharma. Here is a link to understand this better...

http://www.myaccountingcourse.com/financial-ratios/current-ratio