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Caoi

10/27/12 3:38 PM

#151330 RE: steveporsche #151329

also

ONCY TRGT DNDN WCRX OPTR PLX

DewDiligence

10/27/12 4:00 PM

#151333 RE: steveporsche #151329

A few readers of this board profitably shorted IDIX at the height of the HCV M&A frenzy. It was a pretty good bet that the M&A lightning would not strike a third time, particularly given the encumbered nature of IDIX’s assets at that time.

The IDIX experience suggests a rule of thumb to guide investors: There are many copycat M&A deals that sport seemingly exorbitant price premiums (not just in biotech), but there are not many cases where it happens a third time in the same industry within a short time.