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DewDiligence

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DewDiligence

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Re: bladerunner1717 post# 135105

Monday, 01/16/2012 3:53:31 AM

Monday, January 16, 2012 3:53:31 AM

Post# of 257375

…value Celldex on the assumption of $400 million in sales of CDX-110 in 2020, discounted back at a 30% rate.

However, this DCF analysis is based on a 100% probability of technical success for the CDX-110 program. It’s somewhat odd, IMO, that the author of such an article does not try to quantify this metric.

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

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