Replies to post #340975 on Elite Pharmaceuticals Inc (ELTP)

[meshcan]

He deserves every penny. The company would have been bankrupt if he wouldn't change the direction from opioid to CNS.


Here are some additional data to make it easier!

Lannett's debt is $705 Millions with Market cap of $246 Millions so Debt to Market Cap ratio is 705/246 = 280%

Elite's debt is $4 Millions with Market cap of $58 Millions so Debt to Market Cap ratio is 4/58 = 7%


Do you see the difference, it is very simple. This amazes me too!

Stay long and strong.

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett