Home > Boards > US Listed > Biotechs > Amarin Corp. PLC ADS (AMRN)

Fact reconciliation Saturday is here, and these are

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
TastyTheElf Member Profile
Member Level 
Followed By 35
Posts 2,916
Boards Moderated 0
Alias Born 05/01/11
160x600 placeholder
Vascepa® to Be Featured in Multiple Scientific Sessions at the National Lipid Association Annual Meeting GlobeNewswire Inc. - 5/16/2019 4:15:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/1/2019 6:50:57 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/1/2019 6:49:35 AM
Amarin Reports First Quarter 2019 Financial Results and Provides Update on Operations GlobeNewswire Inc. - 5/1/2019 5:00:00 AM
New Drug Submission Filed for Vascepa® with Health Canada GlobeNewswire Inc. - 4/29/2019 6:00:00 AM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 4/25/2019 7:02:14 AM
Amarin To Report First Quarter 2019 Results and Host Conference Call On May 1, 2019 GlobeNewswire Inc. - 4/24/2019 6:00:00 AM
Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) Edgar (US Regulatory) - 4/15/2019 5:08:09 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/1/2019 5:09:07 PM
Vascepa® Granted Priority Review Status from Health Canada GlobeNewswire Inc. - 3/29/2019 5:45:15 PM
Amarin Submits Supplemental New Drug Application (sNDA) to U.S. FDA Seeking New Indication for Vascepa® (icosapent ethyl) t... GlobeNewswire Inc. - 3/28/2019 4:51:57 PM
New Updates to the American Diabetes Association’s® 2019 Standards of Medical Care in Diabetes Incorporate Findings from t... GlobeNewswire Inc. - 3/28/2019 5:00:00 AM
Cardiovascular Risk at Multiple Triglyceride Thresholds Highlighted in Presentation at American College of Cardiology’s 68... GlobeNewswire Inc. - 3/19/2019 6:00:00 AM
Additional Real-World Data Show a Significant Risk Increase in Cardiovascular Events in People with Elevated Triglyceride Lev... GlobeNewswire Inc. - 3/18/2019 4:15:00 PM
Vascepa® (icosapent ethyl) Showed 30% Reduction in Total Cardiovascular Events Including Recurrent Events in REDUCE-IT™ PR Newswire (US) - 3/18/2019 9:00:00 AM
High Risk of Atherosclerotic Cardiovascular Events Projected in People with Elevated Triglycerides Without Established Athero... GlobeNewswire Inc. - 3/16/2019 5:30:00 PM
Investor Expectations to Drive Momentum within Amarin, PulteGroup, LivaNova, Teva Pharmaceutical Industries, Viad, and Activi... GlobeNewswire Inc. - 3/6/2019 8:25:00 AM
Amarin to Present at Cowen’s 39th Annual Health Care Conference GlobeNewswire Inc. - 3/5/2019 6:00:00 AM
Important New Data on Vascepa® (Icosapent Ethyl) from the REDUCE-IT™ Trial to Be Presented Regarding Reduction in Total Is... GlobeNewswire Inc. - 3/4/2019 4:30:00 PM
Gibbs Law Group Has Filed Sole Class Action; Shareholders Should Contact the Firm About Their Rights Business Wire - 3/1/2019 5:00:00 PM
The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Amarin Corp. plc & En... Business Wire - 2/27/2019 2:25:00 PM
Annual Report (10-k) Edgar (US Regulatory) - 2/27/2019 6:39:33 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/27/2019 6:31:09 AM
Amarin Reports Record Fourth Quarter and Full Year 2018 Financial Results and Provides Update on Operations GlobeNewswire Inc. - 2/27/2019 5:00:00 AM
The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Amarin Corp. plc & Encou... Business Wire - 2/26/2019 10:24:00 PM
TastyTheElf Member Level  Saturday, 01/12/19 09:48:33 AM
Re: None
Post # of 192579 
Fact reconciliation Saturday is here, and these are the facts:

- All indications to date are that Thero is a super competent and savvy CEO
- This is a company that is a very "proactive communicator", if anything, over-PRing things like conferences, and sometimes relatively trivial milestones in trial progress (e.g. PRing 90% of events occurring)
- Thero never, as far as I can remember, ever said anything about BO possibilities until the early December conference, when he said something like, "But we work for the shareholders, and if we are approached, we would give it serious consideration." Not those exact words, but something like that.
- PRwise, they went absolutely radio silent from the end of November until announcing the JPM conference appearance on Jan 2. Last year they PRed the JPM conference appearance on December 18th.
- The 2019 guidance was careful to the point of being inexplicable. As most noted, $350mm for 2019 reflects the most modest possible growth from Q4 2018 levels, even assuming getting stuffed by the FDA timewise on a decision. And they released it after the close on a Friday afternoon. Which is like blowing your nose on someone else's sweater.
- The guidance also went completely silent on Euro partnering, a topic Thero had been perfectly happy to talk about in conferences and calls prior to JPM. Suddenly the topic vanished from the radar. The Q&A's aren't transcripted as far as I know, but the main presentation was absolutely silent on this topic.
- After pre-market trading in the $12.60 area last Monday morning, the stock took off like a shot for the first two hours -- straight up on big volume. The IBB did go up as well, but only by a fraction of that move. Prior to that move, AMRN had been trailing every rally and exaggerating every downtrend for weeks.
- On mere rumors of Pfizer interest in AMRN, the stock went up over 20% on massive volume on Thursday, closing at $18.35.
- On Friday, after a 22% gain in a stock where most buyers post-9/24 were in the red, including secondary participants at $18 per share, the stock pulled back only modestly to $18 at the close.

Think of this exercise as a "least squares regression" exercise -- like a banker would view it. What is the explanation that fits backward through these facts hugging the closest to the trail on the whole? Or if you prefer, think of Occam's Razor -- all things being equal, the simplest explanation is most likely the correct one.

Did Thero's management approach and narrative just suddenly change for no reason (e.g. maybe all that Vascepa he's been taking finally kicked in and levelled him out), or is there an external driver for his change in MO? Did a stock getting pounded on sour sentiment and unclear outlook suddenly get rosy again, just because JPM held a conference? It certainly wasn't that Friday afternoon guidance that got everyone giddy...

“The trick is in what one emphasizes. We either make ourselves miserable, or we make ourselves happy. The amount of work is the same.” Carlos Castaneda
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist