Amarin Corp Plc (AMRN)

[KCSVEN]

I think the biggest reason is they think they have time.
They can put their money to work elsewhere and then get in when things are heading up.
Right now they know it’s a minimum six months till expanded label and might even be 10 months. I don’t believe Wall Street thinks that scripts will get to a level that justifies a much higher price in the short term.
The company has a sales estimate for all of 2019 that doesn’t exactly make people wanna jump in now.
A partner in Europe would move things assuming good cash and royalties but management has indicated that is not happening soon.
Management has done an excellent job of setting low expectations. Maybe too good a job. They put low revenue estimates, keep saying they expect an adcom and a normal review time of 10 months.
In the long run the low expectations is a good thing as you can then exceed those expectations and it’s always looked at positively. Again that’s great for the long run.
So for these investors what is their incentive to get in before the expanded label is closer to happening ?