Replies to post #2648 on Enanta Pharmaceuticals Inc (ENTA)

[vinmantoo]

Not net cash with the $200MM being a debt on the balance sheet. Quite a bit to go to get to net cash.

You are reading it wrong as that is an accounting "trick". They have $400 million in cash and cash equivalents.

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).

Congratulations as that looks like a smart move right now.