JTFM, all are well at home. Thanks. Hope we get together sometime.
I agree it was good to see Walsh spend $300k. I think the cash component of his compnsation as Chairman is $100k or so. Of course, there is a bit of noblesse oblige with his gesture. If the Chairman isn't buying, what does that say? As for Brown and the main group from Radnor, PA, they are early stage investors, so they have done well and can afford to ride to the finish, without putting in new money. I'm sure they rue the decision to borrow $100M + rather than allow the $68.25 conversion by the convertible debt holders.
For big picture, I'm out of ANIP and will stay out.
I'm now invested a good deal in an industry I know something about - banking. Eastern Bank Corporation (EBC) had a successful IPO last month.
Anyone who wants to chat going forward, I opened up an IHub folder for EBC, but that is probably too conservative for you wild and crazy small pharma types. (<:
FYI, until October, EBC was the biggest mutual bank in MA and is trading at a substantial discount to book (and tangible book). Very conservative, good market area, and is less of a risk than small pharma. The bank has been in business since 1818, and was the first bank in MA where a woman could open an account in her own name. (Catty, how times have changed.)
My best to all.
LD
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