AI
Saturday, August 20, 2011 8:23:32 AM
MNTA? No pontiff here.
But , the stock is very cheap.
Quick take on metrics:
- cash ps 7.70 as of 9/30
- rr eps ~3.50* and fcf about the same
- ey ~22%
- ey adjusted for cash, ~41%
Valuation, tL approval on 9/30: 14 (may spike lower)
Valuation, tL fails: 50
mL has held sole status long enough to significantly raise the worst case valuation by raising cash and the improved royalty rate triggered at one year. That same passage of time has moved MNTA closer to ultimate approval of mC.
Absent a complete meltdown in EU, MNTA seems a relatively safe and high yielding place to invest. I was buying it back until GENT crashed and then switched targets. We will see how that works given dd's "bogus data" comment.
ij
* Fully taxed.
But , the stock is very cheap.
Quick take on metrics:
- cash ps 7.70 as of 9/30
- rr eps ~3.50* and fcf about the same
- ey ~22%
- ey adjusted for cash, ~41%
Valuation, tL approval on 9/30: 14 (may spike lower)
Valuation, tL fails: 50
mL has held sole status long enough to significantly raise the worst case valuation by raising cash and the improved royalty rate triggered at one year. That same passage of time has moved MNTA closer to ultimate approval of mC.
Absent a complete meltdown in EU, MNTA seems a relatively safe and high yielding place to invest. I was buying it back until GENT crashed and then switched targets. We will see how that works given dd's "bogus data" comment.
ij
* Fully taxed.
It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes
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