Replies to post #376255 on Elite Pharmaceuticals Inc (ELTP)

[Destiny Defined]

It won't.

[no2koolaid]

No reason to buy? Why do people buy shares in a company? Is it only about meme BS like GME or AMC? Companies that saw their p/s run high and, yet, they are not only unprofitable, but if anyone is paying attention, they are closing some businesses and continuing to face the reality of fewer revenues. But, people buy their shares because...?

So, why would no one buy Elite for the next six months? Really, six months? In that time Elite will report increasing revenues and continued profitability. That is why people are supposed to buy shares in a company. Investing in a company is not about some new thing/product being churned out every quarter. It is about revenues turning to profits Q-Q!

Elite's share price does not reflect any form of investing reality...its market cap is only about 90% of its revenues! Try that one on for size!

[snupoled]

Hi Doc,
Hope you flipped those last buys you were making,

Elite pharma, like another poster said , Is the Stock,
I wish I had never Ever heard of, my write off will be
felt for years, I wish everyone the best!

Snup DAWG Oled

[IB_]

If that is true, then buying an extra 1 million shares of ELTP last year in June, has proven to be a bad investment !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Seems like more & more Elite investors are changing their view on the CEO .... GOOD !!!!!!!!!!!!!


"Not so sad that I bought an extra 1 million under .035
;)"

IB_