Art was the most animated on today's call than I can remember. Perhaps he was excited to share the acquisition news. Looks like another bargain. I like how he reiterated that all of the Cortrophin raw materials and manufacturing will be U.S. sourced. Swine flu is nasty in other parts of the world and we need a good supply of pituitary glands.
The trading continues to be strange with large bids/asks. We broke through the multi-year high, but did not close above it. I would have thought the 10% shorts would have had more of a squeeze. Maybe more is to come or many have already covered. Clear sailing above $75.
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