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Wednesday, February 10, 2021 3:19:11 PM
What is the "house?"
Stock investors think of CEOs and Boards. Reality is that the Board is much improved, with directors who have real credentials. For better or worse, ANIP also has a new CEO.
So for cleaning "house", you need to ask about the quality of employees at levels below the C-Suite.
There was certainly a failing with the Corti filing, but most of those lower level employees have already been "cleaned." (by June, if I recall)
So who is left to "clean?" For Corti, it sounds like they are subcontracting what's left of the filing to an outside firm of non-employees. Clearly necessary, but staffing with connsultants will never make you rich in the long term.
So who's left that does not need to be "cleaned?" This gets me back to a long-time concern that never resonated here. Can they get real scientific talent to live in Baudette, MN? Maybe they don't need the talent, and maybe it's a commodity business that can thrive with mediocre scientific talent?
I'm sceptical that any company, especially selling pharma, can prosper without a strong bench. With hindsight, I know now that my gut was right that there was something lacking in the talent department in Baudette.
For now, no question. We have smarter financial types at the Board and CEO level. Maybe that's enough. I wonder though why anyone real smart would want to live in Baudette, and educate their kids there, instead of living near San Diego, Boston, or other locations more receptive to the types of people who are smart enough to do this kind of work.
I'm sure that Baudette is a lovely place suited to a small and undercapitalized vision, but it seems like Lake Wobegone to me, and the wrong place for success.
Recent ANIP News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/18/2024 08:37:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/17/2024 09:05:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:23:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:51:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:21:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 11:34:13 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 11:59:24 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:08:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/04/2024 08:35:27 PM
- ANI Pharmaceuticals to Present at the 2024 Jefferies Global Healthcare Conference • GlobeNewswire Inc. • 05/29/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 12:03:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 12:02:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:58:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:54:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:45:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 08:06:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 10:14:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 09:21:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 08:57:32 PM
- ANI Pharmaceuticals Announces the Launch of Kionex® Suspension • GlobeNewswire Inc. • 05/20/2024 10:50:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 10:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 10:01:01 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/17/2024 08:50:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/16/2024 09:02:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:02:13 PM
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