Replies to post #62876 on Avid Bioservices Inc (CDMO)

[cjgaddy]

BP, FYI, LifeTech initiated PPHM at $8 on 4-14-10, lowered to $5 on 7-19-10, and has maintained the $5 target (12-18mos.) ever since…

= = = = = = = = = = = = LIFETECH/PPHM HISTORY:
4-14-10 LifeTech-Cap. (S.Dunn/W.Dawson) initiates: STRONG-SPEC-BUY, target=$8: http://tinyurl.com/y4cqjyg
7-19-10 LifeTech reiterates Strong-Spec-Buy, lowers Target $8=>$5
9-14-10 LifeTech reiterates Strong-Spec-Buy, maintains Target=$5
12-14-10 LifeTech reiterates Strong-Spec-Buy, maintains Target=$5 http://tinyurl.com/2wey69r
4-1-11 LifeTech reiterates Strong-Spec-Buy, maintains Target=$5: http://tinyurl.com/3q8sjkq

http://lifetechcapital.com/reports.htm
LIFETECH CAPITAL (div. of Aurora Capital LLC), Boca Raton / NYC - http://LifeTechCapital.com
Analysts:
• Stephen M. Dunn, Sr. Managing Director Research
• William D. Dawson, Senior VP Research
**About S.Dunn & W.Dawson: http://lifetechcapital.com/research.htm
Lifetech Disclosures: All NO’s except: “Does the Firm expect to receive/intend to seek IB compensation in next 3mos?” => YES

[golfho]

biopharm...

LifeTecCap initiated their coverage in April 2010 with a target price of $8.00. They then revised their target price to $5.00
in their July 2010 update. Their target time frame in April 2010 was 12 to 18 months...That would have brought us to April 2011 (NOW) to October 2011. They have not changed their time frame in any of their updates. They also missed the change in management.

FWIW I generally suspect everyone's motives...!!!