InvestorsHub Logo
Followers 73
Posts 3610
Boards Moderated 0
Alias Born 03/23/2013

Re: None

Sunday, 07/10/2016 9:07:50 PM

Sunday, July 10, 2016 9:07:50 PM

Post# of 426693
Michael Kalb, bullish for AMRN - connecting the dots:
What financing strategy will he bring to the table? Why him? Why now?
It is interesting to observe that while serving as the CFO for TARO, he was involved - and probably recommended - two share repurchase programs; one in late 2013, the other in March of this year.
Both were done in conjunction with earnings announcements. Both boosted share price – especially in 2013 subsequent to a long term price trend reversal.

Note how the share price took off and more than doubled as volume expanded.

Here’s another example (QLTI) of a Biotech co. that did the same thing to stem the slump of their pps as it threatened to fall below 50% retracement:

Connecting the dots:
I’m not sure AMRN can do a repurchase program unless they form a non-U.S. partnership with upfront cash. But if Kalb follows his past footprints, he would likely propose to do/announce a share repurchase program in conjunction with August earnings. Hmmm, … remember those 6100 August $3 Calls purchased the day after AMRN announced Kalb as their new CEO?
I can't think of a better way to shake off shorts. :) FFS
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMRN News