Avid Bioservices Inc (CDMO)

[RRdog]

An excellent analysis Golfho.

I no longer imply that PPHM is "disconnected" from value or "undervalued".

IMO PPHM is completely "misvalued" as in a completely misunderstood company.

The delta between current valuation and a correctly understood and valued PPHM (starting with the basic valuation of Avid which any analyst could compute if they "wanted to make the effort"--- and adding IP discounted for risk to that) is very steep.

Piper Jaffray's Charles Duncan was the first new analyst to risk any reputational chips on this delta and he did his report in a very understated way with modest targeted goals. I expect additional analysts to start coming on board and IMO there will be price target upgrades as well.

Best Regards,
RRdog

PS--Thanks for not using any reference to the following word which is largely a waste of time and has been beaten to death in at least 400 posts: "Sabotage"

IMO it is late in the game now and the board is best served by focus on the value of the IP and Avid which you are doing.