Replies to post #19546 on $Bob's and Jbem's Bitchin' Bios

[buckiii2]

PTX. 500m is 5.87 a share. Even if you subtract the 300m debt it is still 2.87 a share. Thier 10q is decent. They just got 2 more orange book patents. Their new CEO has a reputation of selling companies. I am a buyer under. 85. Hopefully it gets bought out soon
. I want to buy a truck load of KTOVW. I haven't been following things real close as stated in the email I sent you.

[nsomniyak]

Kei - shareholders would get something in a buyout of PTX (or any other company) at ANY price.

We are not talking about a Chapter 11 liquidation where creditors would be paid first and equity holders would divvy up any remaining scraps. In a non ch-11 buyout the buyer buys the company, debts and all, and those proceeds would be shared among the equity holders.

Perhaps a better question would be "who would pay $500MM or more for PTX, knowing that they would be assuming $300MM (is that right? just a guess on my part from what I think I read) in debt? That would be assigning an enterprise value of $800MM to PTX - is it really worth that much to anyone?"