Replies to post #383845 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Revenue not earnings.

Elite's CEO has stated in a forward looking statement at the last conference call that he foresees earnings next year surpassing $40 M

There is no "may very well".

They ARE and they WILL.

recent statements by the FDA indicates that the DEA and FDA may very well increase the Elite quota for Adderall.

[namtae]

WRONG and WRONG!!

foresees earnings next year surpassing $40 M

Thats not what the CEO said. The CEO said nothing about next years earnings surpassing $40m, thats ridiculous!! Not even in the same solar system!!

future quarters thereafter are expected to be positive

Nah, here's what he said about future profitability:

profit is going to be a little tricky, because now we have a higher cost for the sales and marketing department, okay?

This is your DD? lol

[mrwrn2010]

Correct - with exception of revenues vs earnings iirc. I concur with the assessment.

Good post and bonus points for setting off alarms in the boiler room.

[jour_trader]

Good post. Last cc Nasrat stated that August is the tipping point for the future trajectory.

Assuming we still have the Q2 conf call in 2 weeks we’ll get a better glimpse at July and August MTD in the commentary.