Tuesday, November 19, 2013 3:05:16 PM
What is 22nd Century worth today?
I could not find any comparable publicly traded plant biotech companies, because most of the small plant biotech's have been acquired by larger companies like Monsanto (MON), Syngenta, (SYT), and Dupont. So I attempted to find some clinical stage biotech companies that demonstrated 22nd Century's strong fundamentals, which include:
Profitability.
Successful phase 2 clinical trials. (It's important to note that in the biotech world, multibillion-dollar buyouts and licensing deals begin happening after positive phase 2 trials.)
Strong balance sheet.
Potential monopoly a portion of a $700 billion market.
Multiple sources of revenue.
Good relationship with the FDA.
Licensing agreement with industry leader.
After reviewing all the companies I was familiar with, I could not come up with any biotech's that possessed all these qualities, until I got into valuations considerably higher than 22nd Century's.
I challenge all my readers to find an equivalent clinical stage biotech, valued under $100 million. If you do, email me, and I will initiate a thorough due diligence process. These are the kind of situations that I look for, but are very difficult to find.
So that begs the question, what is 22nd Century Group worth today? In my opinion, at the very least, the company is worth 2 to 3 times today's valuation. With just one positive catalyst, that number could be amplified. Also, 22nd Century's fundamentals are so compelling, that it would not be surprising if the company went from today's undervaluation, to a level of extreme overvaluation.
http://seekingalpha.com/article/1849101-22nd-century-is-worth-twice-todays-shareprice
Recent XXII News
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/26/2024 04:15:12 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/25/2024 09:00:31 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 10:21:11 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 09/16/2024 09:26:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 05:31:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 01:14:57 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 09/05/2024 08:17:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 01:00:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 01:00:13 PM
- Form 253G3 - • Edgar (US Regulatory) • 08/16/2024 09:27:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:25:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 10:05:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 10:00:20 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 08/08/2024 09:00:39 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 08/02/2024 09:07:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:46:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:30:17 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/10/2024 09:01:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:00:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:05:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 10:08:59 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:22:05 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/09/2024 08:30:44 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM