Elite Pharmaceuticals Inc (ELTP): Should I elaborate? The reason it is so...

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Re: Pharma Sleuth post# 396630

Wednesday, 02/21/2024 10:48:33 AM

Wednesday, February 21, 2024 10:48:33 AM

Should I elaborate? The reason it is so important in this case because it is setting a floor. We should be looking forward and the P/E should be in the 30s-40s because of the products in the pipeline some close to fruition.

Like every R&D company in the space.

However the evaluation is showing more like a simple manufacturing company right now with no reference to R&D potential and results in the future.

It is why this is so incredibly undervalued as it stands today.

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