Avid Bioservices Inc (CDMO)

[jakedogman1]

Thanks. Just watching the action lately. Something is brewing. The key is whether mgmt kills the rally or will it break through.

The company is way undervalued if the Avastin comparison pans out. Drug manufacturers trade at 4 times sales. Avid should be worth $80 mil plus. So the entire platform (AC and AV) still trades for pennies on the dollar.

But the stock will not take off until mgmt interests are aligned with shareholders. At the same time mgmt runs the risk of a hostile takeover and getting thrown out without cashing in on the big prize (if the word is getting out, the big fish will strike before another fish does). I don't think Garnick wants to be associated with penny stock operators so I expect changes.

Over and out.