Ligand Pharmaceuticals Inc (LGND)

[the-stat-guy]

Hey guys, at current prices you can't go wrong with X or Y. I personally prefer Y as I've explained earlier. I just think it gives you more value in terms of the drug programs it has in its portfolio. The last dividend I received from Y was about $.06/sh and change, I also received a dividend for ZZ on the same day of $.03/sh and change. Y was allocated $2.5 mil and ZZ was allocated $1.2 mil as a result of the license fee from Viking(if memory serves me correctly), that's why the diff in per share amounts. Btw, there's only 35m shares per each cvr, which never changes. I've always viewed my holdings in them as strictly long term plays. These are giveaway prices for these cvrs, you can scoop up a bunch without risking that much capital but they do require patience and will eventually pay off handsomely. The only time I was really was tempted to sell was when ZZ popped to .23/sh. It was a no brainer to unload some at that price. Good luck but my advice is to buy, hold and forget about them. Don't put money in them that you may need on a moment's notice, they are just not that liquid, and you could lose getting some out. I may use some for trading but I will always hold on to a core holding, because I want to be on that train when it leaves the station.