Replies to post #430970 on Amarin Corp Plc (AMRN)

[rosemountbomber]

Sleven, I don't believe speculating in the stock market with that cash is an example of a company's fiduciary duty. Now, acquiring an asset that was accretive would make some sense, as along as it is in their bailiwick. It is clear that by the great reductions in expenses over the last couple of years that the company is concerned about conserving cash. And one can see why. The great margin business once here in the US is gone and uptake of V in ROW is slooooow. Do you lock your cash into some investment that is difficult to liquidate quickly if needed? So yes, maybe they could do something with their cash that could generate some additional revenue but I doubt taking flyers on GameStop like things would be responsible and within their fiduciary duties to the shareholders.

[oneragman]

sleven, just to be clear on what they have. On the recent 10q, they have $750M in assets and $200M in current liabilities of which current accounts payable are only $40M. That leaves them with $550M in net assets. Yes, sales are decreasing, but one could argue they are over capitalized for their current needs including needed investments in the EU. A $50M buyback should already be happening.

[Denisk]

they only invested 148 million of the 300. Why don't you write them and ask them to give you the breakdown of their investments?