TGTX
-thanks for the background, and I noticed(and was a little surprised) you picked tgtx in the SI contest. I guess I thought the ceo's controversial past would(like Harvey Berger's) rub you the wrong way. But, as you noted, it was a contest, not a real money pick for you.
However, it does and continues to seem like a logical choice to me because, although it may be a "me too" stock, when you have 2 active compounds that are attractive as combos either together or with other approved drugs,
and the valuation, even after today's runup, is still rather modest(EV under 100ml, 50ml cash,3.5ml burn rate/qtr.)with heavy(50+%)insider ownership, and an expressed willingness to be sold if the price is right,
well, "me too" seems ok- in fact a lot more than ok in this case.
Bottom line, I assume you picked it as a good risk/reward, relative valuation call, with which I completely agree.
And I'm hoping you're right b/c in my case it's a real money pick...
And how bad can the news be with a last minute appearance decision?
Best,
bw
