Elite Pharmaceuticals Inc (ELTP): Three consecutive quarters of net profit...

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Elite Pharmaceuticals Inc (ELTP)

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Re: NASDAQ2020 post# 353421

Saturday, 03/27/2021 4:47:40 AM

Saturday, March 27, 2021 4:47:40 AM

Three consecutive quarters of net profitability. If I were a CEO I would certainly not do a buy back of shares. What would be the use of that in heavens' sake! I am sure that if the company shows net profitability the next quarter, the share price will be at $0.2/share. As a CEO I would continue accumulating profits. With the continuous money inflow I would update my manufacturing facility and make production contracts with other pharmaceutical companies, and look for takeover/merger possibilities.

In the COVID19 period Elite is one of the few companies showing profitability, they are in a great position. Generics are the future.

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