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DewDiligence

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DewDiligence

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Re: ghmm post# 70989

Tuesday, 01/06/2009 11:40:41 PM

Tuesday, January 06, 2009 11:40:41 PM

Post# of 257268
Re: LJPC

Why wouldn't BMRN buy them out considering their market cap was about 40-50 million before and according to Yahoo about half of it is cash?

Yahoo’s balance-sheet info is crude and often wrong—you get a much better picture by reading SEC filings. At 9/30/08, LJPC had about $16M of current assets net of current liabilities.

Why an option to partner rather than a buyout? I can think of two reasons: i) The minimum commitment is less; and ii) The companies probably couldn’t agree on a buyout price.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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