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TheShining2020

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TheShining2020

Re: TheShining2020 post# 1986

Sunday, 09/17/2017 1:23:03 PM

Sunday, September 17, 2017 1:23:03 PM

Post# of 9818
Dude: Take a look at Kite Pharma's fundamentals and tell me why it is now worth $178 per share. At 12/31/16, they had $96,000M in liabilities and reflected a net LOSS of $267,000M. They also had 50,000M shares outstanding. Yet, big Pharma saw value in their TECHNOLOGY and acquired them at a premium. Stock price at 01/01/17 was $49.05. It now sits at $178.61 with ZERO products on market.

$96,000M in debt and limited revenue. Shouldn't they be bankrupt also? Riddle me that...
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