Replies to post #340985 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

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!

Pure fantasy. How would selling $50M/year in generic opioids cause Elite to go bankrupt? Generic opioids are a mainstay of modern medical treatment, and so far, not a single poster has been able to cite any responsible manufacturer of generic opioids who suffered any negative legal consequences. So I ask again, how exactly would the company have gone bankrupt?


Here are some additional data to make it easier!

When Nasrat took over, share price was 7 cents and 350M shares outstanding. Seven years later, there are over a billion shares outstanding and share price is 6 cents.

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

[namtae]

Warren Buffet's quote of "The stock market is a device for transferring money from the impatient to the patient" must be put in perspective.

See, WB was talking about investing in quality companies, not junk that trades on the OTC like Elite

Enormous distinction