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ronk

11/06/15 9:17 PM

#3041 RE: Westorious #3040

I don't know if there will be a split. I only know that this is a small float that has acquired some pharmacies this year and they will have completed two 503B pharmacies sometime in the the first quarter of 2016, according to statements.
I'm just trying to project in my own estimation what the value is over the next year.

Some will say that splits are merely an accounting trick. But the increase in shares allows for greater liquidity to acquire companies; if that's the plan.
I think they will continue to seek to acquire assets that have value like they have previously. Analysts have a short term target of +11 dollars. I believe with the completion of the 503B facilities things will open up. If the purpose of a stock split is to have the liquidity to purchase undervalued assets to strengthen the bottom line, it's a great thing.