Replies to post #263599 on Avid Bioservices Inc (CDMO)

[exwannabe]

I basically agree with you and carboat on the AVID valuation issue.

On some details though, AVID is setup as a wholly owned subsidiary. As such, it has books, but these need not be made public (and need not be GAAP).

Are they "clean"?. Impossible to know. But if SK and co do not have their heads up their ass, they should be trying to keep them in reasonable shape. Never know when opportunity might strike.

Of course even if "clean" they may not be that real. SK might draw a $1 salary from AVID. Who knows how the Bavi is handled.

If they published the numbers (even unaudited) it would be helpful.

I am curious if either you or carboat can find any comps backing the 2-3x rev estimate. I am not arguing the point (it is about what I pencil in). But I have a hard time finding solid comps in this area.

DISCLAIMER: Long PPHMP, which makes my interest in this issue partially at odds with that of PPHM owners.