Does INFI have anything in their pipeline that is worth greater than $400 million to a potential acquirer?
It's baffling to me this thing isnt trading closer to $200 million.
Either (a) there is a "known" bid (by someone who has inside knowledge) that this company is going to be acquired,or (b) someone like Baker Brothers, BVF, Orbimed etc., made a big bet, and now has to unravel their position with out killing the stock - and unraveling the position slowly, and deliberately making it appear as though there are still bids in the name (very possible in an illiquid company like INFI). Someone has been propping this POS up over the past several months - and I do believe Baker Bros initiated a position as of last 13Fs.
But, what does this company have that is worth their current market cap? I wouldnt trust a thing their management says about their pipeline after the disaster their Hh program turned out to be, considering they continued to label it a much better drug than Roche's Erivedge.
