Hi all,
New to this board. Great board from my lurking.
A few things to consider. I will state my position. 5K shares long.
Older investor, who has been around the turnip patch more than I care to admit. If people double their position state what that position was doubled too. Pet peeve.
Observations:
I see the Yahoo board talking about buying shares back. Huh? MNTA could buy a drug first, on the cheap, before buying stock back.
Second, I see AHANDE might own ANIK like me. I am 5K long there likewise. MNTA could buy ANIK, pick up 147M in sales, a new mfg,m plant coming on line at the first of the year, mega cash, their non competing products and for picking up one half the 13M shares.
13M shares and as I figure it only 1250 of us can own 5K shares with the institutional shares and insider shares owned. Look at their financials.
ANIK is in Bedford, Mass and MNTA is in Cambridge, MA. Not saying it is the end all but with their product sales and along with a new mfg plant, at the end of this year,if they want to do their own drug mfg it might be a potential to be considered.
Look at the cash they pick up. Selling at book value right now.
I am heading out to a remote fishing location Sat. Like, no communication during both press cc. I do hope all will get on the horn during the CC and ask all the questions that need to be asked. I was not going to post until I got back, but, needed to give some input before I leave.
I am guessing 3.50 to 4.20 earnings this year. Divide the cost of a share of stock into that figure and go find a bank that pays that kind of return. If they drive the stock price down the return goes up.
My best guess is if all the shares sold and bought the last week were shorts there are still approx. 5M shorts. This stock is likely oversold. I would not want to be short going into next week. Sell the good news has happened IMHO. Time will tell.
Last but not least, the analysts are out to lunch on their valuation of this stock. IMHO. My broker thinks so, I think so and I have researched thousands of stocks and few are in the position that MNTA is in right now.
As always, all do their own DD. All this is my opinion.
They need to come out on the CC call, that I will not be able to hear, and bust this stock out. I think they have way more drugs in the wing and all they need to do is say the number and not the names. I am too tired to find the PR where I picked this up but, it is out there.
If they don't do that, then just respond to all the other questions already asked.
On another note it would seem that the initial trial ended or should have ended yesterday. I would like to hear some feedback if possible before I leave Sat.
Sorry this is long but does anyone have the July sales figures for Lovenox before I get out of here Sat?
Best to all and hold the fort down.
