Halozyme Therapeutics Inc (HALO)

[Howeeme]

Figure we picked up somewhere in vicinity of 100-120 million in profit by shuffling around some paper for a year and a few months. Cash should finish at about $800 million after buyback with maximum issuance of 10.5 million shares to settle the current offering at 77 per share. It's back of the envelope calculation but that's a lot of cash so I think there is a deal in the making considering they only plan to spend 75 million on buybacks. This was a big time offering for Halozyme let's hope they spend it wisely. Haven't had time to really figure it out but hoping this is close.