Replies to post #379945 on Elite Pharmaceuticals Inc (ELTP)

[NASDAQ2020]

Compare financials LCI going bankrupt
Elite is Cash Flow Positive and growing rapidly
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[mrwrn2010]

Yes any company can fail. Some are much more likely to than others. We don’t have anywhere near the crushing debt that Lannett has/had. The recent bank loan Elite obtained to purchase their property is about $12 million, meanwhile Lannett is over half a billion dollars in debt.