Amarin Corp Plc (AMRN)

[Whalatane]

FFS. I dont believe consumers / investors are burdened by excessive debt .
Anyone who hasn't refinanced their mortgages to around 3% fixed for 30 yrs are idiots .
When in your life have you been able to borrow long term for around 3% per yr ?

Sentiment is not excessive ...just look at that expressed on this board recently . Look at the CNN Fear and Greed index ....you dont have massive crash's with Fear and Greed index below 20 as it was late last week.

There will always be pockets of speculative excess ...UPST ( a stock I own ) was a classic example
SWAV ( which I also own ) ...while correcting recently ...has not been subject to such speculative swings.
This Co in the cardio space is profitable and their technology for dealing with coronary calcified plaques is rapidly displacing the use of rotoblation in almost all PCI procedures where rotoblation had previously being used .
You should chk them out .
JL's Cardiologists used this medtech to increase blood flow in JL's legs ( popliteal artery I think ) . Its increasingly being used to reduce foot amputations ( by increasing blood flow ) for diabetics with foot ulcers .
As long as this company is growing profitably it is a company you buy on any market correction .....and there will always be market corrections.

Specific to AMRN . The Co has around $500m cash on hand and is launching Vazkepa in Germany .
Provided they can run their US operations at break even and are careful with their spend in Germany ...their story is simply being delayed by the Covid surge in the EU .
This Covid surge will pass ...probably by the Spring ...and CAD patients will become more focused on meds like Vazkepa that they can add to their statin therapy to reduce their risk of an MI or stroke .

By the way . I'm use technical analysis on a limited basis with sentiment indicators to determine when to execute trades ....and fundamental analysis to determine what to buy and sell .

I was buying AMRN at $3.51 and posted such on this board .
It could easily drop closer to $3 on any market meltdown but it would have to go below $3 before you can tell me I got that totally wrong .

Good luck
Kiwi

Whalatane Friday, 12/03/21 03:17:36 PM
Re: None 0
Post # of 362361
Buying at $3.51
Not suggesting anyone do likewise
Sentiment as expressed on this board is overwhelming negative .
The market indices are down significantly this week but AMRN has held up fairly well .

Unless you think the Co will lose their R-IT patent and burn thru their close to $500m cash on hand trying to launch in the EU ( and therefore do a capital raise ) ...this looks like value provided you can hold for 6 mths

JMO
Kiwi