Elite Pharmaceuticals Inc (ELTP): Elites p/e is immaterial because it not...

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Elite Pharmaceuticals Inc (ELTP)

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Re: NASDAQ2020 post# 402206

Wednesday, 06/26/2024 11:45:51 AM

Wednesday, June 26, 2024 11:45:51 AM

Elites p/e is immaterial because it not yet stable or predictable to compare to its industry

Unlike real generic players, Elite is tiny, a pipsqueak. So , the "slightest shift" in revenues/profits can whipsaw their p/e ratio

Yes, Elite is ramping some but very little thanks to its ceo. It took lannett falling out of bed forcing the Kirko hire and pivot to SM

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