Replies to Post #396578 onElite Pharmaceuticals Inc (ELTP)

Replies to #396578 on Elite Pharmaceuticals Inc (ELTP)

02/20/24 5:40 PM

What is the current P/E and how many drugs pending approval? What is the current trajectory of just the approved drugs and revenue?

Are you not allowed to answer?

Pharma Sleuth

02/20/24 5:44 PM

#396580 RE: namtae #396578

Ok. Let's assume you don't know why you are here and you are not allowed to answer.

What would be the reasons you were assigned to be here?

Someone is very very short on the stock and requires your presence on this board.

Someone is looking to acquire the company.

Now both of these can actually be true to some extent. Which do you think is more likely?

Pharma Sleuth

02/20/24 5:51 PM

#396581 RE: namtae #396578

Here is your overall problem. The company is in a rapid growth phase (see the revenue chart) but the biggest products are in the near term future. So you have rapid growth on just the currently approved products and an already low P/E.

Then you have multiple products pending approval now.

What does this mean? It means that this is about as safe an investment as you can find.

Note I said investment. People trade and that's cool too. No issue there.