Amarin Corp Plc (AMRN)

[Whalatane]

Montana ...yes grown to appreciate Montana thru the series . Saw someone post on Yahoo that the En Banc had been rejected ...is that correct as would explain the sell off.

My take ...for what its worth ...EU is a large market but challenging to penetrate due to dealing with Govt run health systems ....so it takes time .
So rather than wait it out ...some sell to pursue other opportunities with the plan of revisiting AMRN later when the EU picture is more clear .
AMRN has close to $600m COH and would probably be slightly cash flow positive if they cut back on sales reps / media spend ....so that means Co enterprise value is currently priced at less than $1B with a Reduce It patent that should protect them in the EU market for at least 10 yrs ...I say SHOULD protect them .

So we're in a dead zone ...waiting for progress in the EU

Kiwi