Amarin Corp Plc (AMRN)

[Whalatane]

Map. I don't see AMRN as a great short at these levels ...for hedge funds or anyone else.
Current market cap is close to $3b at todays PPS .
Of that they have roughly $600m cash on hand ...so enterprise value is roughly $2.4B .
If you exclude the US completely ...ask yourself what 13 yrs exclusivity in the EU is worth .
However U slice it .....the EU value has to be IMHO worth more than $2.4B BECAUSE of the exclusivity have they have there.
Now if they were to decide to GIA in the EU ...yes PPS could easily retest recent lows ......but as long as they have that exclusivity for the EU ..it provides a floor under the stock no matter what happens in the US .
JMO
Kiwi