Replies to post #421930 on Amarin Corp Plc (AMRN)

[JRoon71]

I disagree. $5 a share is $2B market cap. And this implies revenues of around $400M (@ only a 3.5x revenue multiple).

If $400M in revenue is the best we can do, then Sarissa will fail miserably.

$10 a share ($4B) seems like the low end of what we should shoot for. That implies roughly $1B in global sales. If we can do $300-400M in the U.S. (where a BP could likely do a WHOLE LOT more), there is no reason that we cannot find $600M around the rest of the globe. China has to be worth a few hundred million at minimum (granted, we only get a 15%~ish royalty on this). And Europe has to be a few hundred million as well.

So $5 seems like a silly, knee-jerk reaction. We could probably get $5 if we sold TODAY (I don't think there is an active suitor right now, but if we shopped it, I bet that's what we could get). But my guess is that there is no way Sarissa is letting it go for that.