Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Elite is a interesting case because while they are quite profitable and growing and earnings and revenue will continue growing and big products are on the way . Should be 2-3x in price now

The biggest value right now is the fact they are becoming a mid sized DEA FDA approved manufacturing facility. They have their own packaging and shipping and run their own marketing.

They have minimal debt which is largely their mortgage on their commercial NJ property which is most likely going to increase in value and loans from the CEO and board for cash flow as Account receivables turn over.

So it's a highly profitable, fully operational with significant capacity drug company. It's a very valuable commodity to any drug company needing expansion or to be used as a contract manufacturing development company.

Because of their financials, they can compete on a different level. Nothing weighs them down except quota. Because they are lean they can be highly profitable.

They could get bought at any time ...just depends on what a company like Pfizer needs and when