Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

I heard that what was needed were increasing revenues...So, what happened? Well, Elite increased its revenues...not by a little...by 2.6X...but the p/s seems to still be languishing. Why is that? I kept hearing how ANDA submittals, approvals and launches do not matter; all that mattered were revenues. So, we have 2.6X the previous Q revenues and the forward looking statement from the CEO, who did not lie, he nailed the double revenues Q over Q. And, what was his forward looking statement? Another double or even triple for the next two Qs. Now that seems like recurring revenues to me, and Elite is just getting started...