Friday, July 26, 2013 10:43:18 AM
If you look at the first 2 weeks of 2Q and compare to first 2 weeks of Q3 the scripts are 114% higher. IF AMRN just maintains the 7/12 script #'s of 4507 for the remainder of the quarter scripts for 3Q will be up 39% from 2Q yet they show a 23% increase in sales?
But then they base price target on DCF which starts its calculation with sales and clearly how they arrive at the sales figures in the near term makes no sense, never mind as you get further out and have more unknowns so the DCF calculation is meaningless and flawed.
It's almost like they made no effort to come up with numbers. I know they just met with AMRN but they are 2 weeks from 2Q report, they couldn't wait until then to update their report?
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