ANIP
I don't own ANIP at this point, but have owned it before, and for disclosures purposes I would think about buying it back in the low to mid 70's if it ever got there. But I wasn't surprised that it didn't go up in fact looking at the quarter I thought it would trade into the 70's short-term.
Keep In mind the midpoint was raised about .35 this year. Having said that this upfront payment and milestone payments are one time or at least episodic in nature. Hence I would ex this out. I don't believe they were in guidance before, hence they actually lowered guidance on the rest of the year, hence why the stock is down. I mean based on my math 35 million, taxing that at say 25%, they have lowered the mid point for the year if you ex this episodic revenue and earnings by .87. Now do I believe they are being conservative and they see it as a way to continue to raise guidance in future quarters, most likely that is the case. having said that based on the math, I understand why the stock sold off a little, because although it looks like they raised guidance in the short-term in reality if you don't like to add in this episodic revs and earnings which appear to have not been built into guidance originally, at least that is my take, they really lower the bar almost by 10% this year which isn't great in my opinion. Now I do believe that probably this company is being conservative, and I do believe the future is bright here, so there is that as well. Having said that I can't say this quarter's guide was a positive it was a slight negative in my opinion. All is just my opinion and I could always be wrong though.
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