Replies to post #2646 on Enanta Pharmaceuticals Inc (ENTA)

[JK2016]

I'M not saying the pipeline doesn't have value, but Wall Street clearly hasn't assigned any value to it therefore if ENTA continues to burn cash and the assigned value is based on the cash, it only makes sense to me that as the on hand cash goes lower, the stock price does as well.

[Rocky3]

ENTA market value is already below cash

Not net cash with the $200MM being a debt on the balance sheet. Quite a bit to go to get to net cash. And there is a bigger and bigger draw on that cash for operations. The market is putting a significant value on pipeline. The bet is whether it should be putting a bigger value on it or not. I am getting close to saying it should be (but I thought that I would be a buyer at 18, and I'm glad that I held off).