Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Help me understand the premise of the post. Are you saying you once thought Elite was a promising investment? It would seem so...

a once optimistic investment

Yet, try as I might, I struggle to find words to that effect. Are there? Please offer a link.

Also, I appreciate you recognizing the FDA acted counter to what might be expected of a drug granted priority review

sure-thing Sequest is rejected by the FDA

Since Purdue and Teva also had ADF opioids receive a CRL, what might we glean from that?

Next, this is a statistical misrepresentation...

Stock dont lose 80-90% value in a raging bull market for no reason

To suggest two data points totally unrelated by time bound proximity fails the test of proper analysis. While the p/s is down, it is not compared to 97 cents. So, what number should be used for comparison? Waiting...

Finally, to suggest a single stock falls in comparison to an entire market is beyond logic and no capable analyst would find that a reasonable argument. Perhaps a better comparison is within the generic drug business; or if we want to expand it, to the entire pharma market. Any idea how that comparison comes out? Please avoid opinions and regale us with links.