Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

Agree that Prasco should be bigger. It still can as the Dec sales was a single, kick off shipment. We don't know if it is the typical size of a typical quarters manufacturing level for Prasco. Drop is also because approval of 2 drugs with combined market value of about $50 million did not occur on expected timeline. That may have bothered some investors in that it illustrates that drug approvals can't be taken for granted and that a submission doesn't really have value unless/until its approved.

PE is getting really low, with two months left an amazing buy opportunity could come up if some with large holdings decide to liquidate. Definitely keeping my eye out to take advantage of such impatience.