Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

Elite got swept up with the initial turmoil of the biggest tariffs since the horse and buggy days, but Zack's recent video explaining why Elite is a defensive investment right now is spot on. Once the shock of what we are facing was absorbed cooler heads began sifting through the debris to find the occasional pearls in the pile of trashed securities. So far Elite is one of those pearls (granted an insane policy could drop any day that could destroy Elite...thats pretty much true for any company right now. There is no way to protect yourself from crazy self destruction but I think Elite is less likely to be blown up than most).

Why Elite is a excellent place to invest while our economy is trashed by tariffs.
1. It is a 100% US drug manufacturer
2. As controlled substances, the API of its most profitable products are manufactured in US
3. Revenue projections for upcoming quarter are over double what they were previous quarter with guidance from them that they expect to continue to have such increases over the next year.
4. CEO has announced he is interested in a merger or acquisition. This was made from a position of strength, not from needing someone to rescue the company.
5. The products its sells are highly valued by consumers. As the stress on them increases their need for Elite's products increase.