Spectrum Pharmaceutecals Inc (SPPI)

[SPPI Bull]

After reviewing the data and listening to the call AH I’m confused regarding the slide (no one who understands this disease state believed 70+% ORR was possible in the heavily pre-treated population). Personally I think today institutional investors increased their ownership % a nice bit by giving the retail peons a little shake. The numbers don’t lie- Pozi actually continues to prove it’s the real deal and will become SOC. BTD will happen in Q4. I am surprised JT didn’t have a bigger presence on today’s call...after all...investors watched 22% of their investment wiped out (disappointing but). My musings:
- Stock gets back at least half of it’s loss tomorrow
- JT rushes to announce BTD submission ASAP (at or before Q3 financials)
- SPPI settles in the 23-25 range (possibly higher depending on what’s released/announced)
- Pozi is sold off for cash or BO happens and in-line brands plus Rolo are spun off sooner rather than later