Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

This isn't promotion. This is Elite's ~5million yearly investment in research and development for the past 3 to 4 years finally paying off by bringing multiple needle moving products to market in the same year. The high price today of ~0.11 is not an outrageous price for a company with a healthy profit, deep R&D, and big products on the cusp of coming to market. Add the awesome timing of Lannett dumping us and our bagging Kirkov and Elite finally had a few things go right instead of everything taking the worst route possible.

This isn't a one product wonder run like SequestOx was, this is the market finally seeing a future for Elite. Nasrat has been telling us he is working on great products and keeping his eye on R&D and that is what we need to focus on and let the market do what it wants to do. For those of us who believed him, and bought millions under 0.05 this is our validation.

Longs need to think hard about when to get out. That is the hard part. I'm in for now because a PE of 20 for an up and coming, growing company that should double/triple revenu in the next couple of years reasonable. Add in the fact that Nasrat wants to sell Elite. If it has more needle movers just moving into the investigational stage that will come to market in the next 3 to 5 years, the purchase price should be sweet.