Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

As to this...

It's been a long time since elite moved up on an earnings report.This time will be no different. Look for it to drop again.

This is only one of a number of dire warnings that seek to diminish interest in Elite as a business investment. Yet, how does a company announce a third consecutive year of record revenues with increasing net profit and see its share price NOT GO UP?

Elite is becoming more valuable over time and its share price is not a reflection of its fair value. All that a company and its management can do is make the decisions and take actions that enable profitability. Such evidence should speak for itself and in no way is the share price an indication of management's failure. People will either buy shares or not for any number of reasons, rationality not being one of them. But a business will buy another business for a singular reason...they recognize it has economic value to them...irrespective of its share price or what outsiders think!