JL, I am not in the BO camp either. I wasn't hoping for a BO announcement, which would be unreasonable anyway, because given a hefty price tag, it would be a very risky endeavor until approval and generics settlement are out of the picture.
I was actually hoping for an EU partnership announcement with solid royalties and a nice upfront payment to pay for an even more aggressive salesforce growth.
To be honest, now that I am wrong, I need to sit down and think again. This Oppenheimer attack makes no sense. There must be an explanation. Either those guys are idiots and really bad at it or this attack was planned in a hurry, a total panic mode. Why?
You said it yourself, that the purpose of the attack is to lower the SP, so they could either cover or pick up more shares. Why the urgency and with such a radical approach? It would make way more sense to seed some doubt and recommend a price target like $15, which would be even lower than idiotic GS, but still could be possibly explained that the analyst just has some science comprehension problems. But no, not a single point in the entire Oppenheimer report makes any sense. Like it was literally crafted by a person who was given a task to organize an attack and they only had an hour to skim through all the papers. I think the only viable explanation I have so far is ACST offering tomorrow led by Oppenheimer (again).
Kim
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