Stock is down because of the laughable 2020 guidance. I love JT, and think he’s done an amazing job, but this is a growth company and you can’t guide with those kind of numbers when our valuation is where it’s at and not expect the stock to tank.
The price of any stock is always about the future. How many times have you seen a stock beat EPS and revenues but trades down 10% because they guided lower? Market doesn’t care about NOW they care about TOMORROW.
We had 80,000 scripts last week, it’s safe to assume by the end of December we should end above 95,000. 95,000 scripts itself will get you to around 650M next year!
Sorry, but it’s all about the benjamins now. You can only have above 10x valuations by showing incredible growth. And 650M on the low end doesn’t get the job done. It’s going to take huge beats and guidance increases to move back up without BO.
Again I love JT, but if he wanted to be conservative he could have said 750–800.
I bought more yesterday at mid $22 and will buy more if it dips into the $20’s because I think JT will have to raise guidance after Q4.
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