Biotech / Medical
Biotech for less than cash value
An SI Board Since April 2002
Posts SubjectMarks Bans
426 114 0
Emcee:  RWReeves Type:  Unmoderated
At market bottoms in the land of Biotech stocks, a rather odd phenomena occurs. Some, indeed many, stocks which move so much on "story" and so little on actual financial analysis, sell for very, very little money. Now just cheap is not enough for us. Nay, we want value. Extreme value. We want candidates selling for less than cash in the bank, for less than liquidation value preferably

Old timers who remember the previous market bottoms will often share with wonder stories- (indeed fantasies of buying control of a stock for less than cash and selling off the assets) situations where there was some reasonable value of the technology, no impossibly large liability, and yet more cash per share than the market price. Sometimes these companies prove irresistable to other BTs or pharmas in mergers and takeovers. Sometimes the market "comes to it's senses". Other times they had a fatal flaw and could not recover from the spiral and the cash was burned to no avail.

Now this is another no-man's land where one should not wander carelessly. These represent very speculative investments by their nature and you MUST take responsibility for your own investment decisions and do your own analysis.

With that, I invite discussion and nominations of candidate biotechs selling currently for less than cash or liquidation value and will be putting some into a model portfolio.

Please don't use the forum for pumping a stock- and provide as much of a reasoned analysis or link to hard data as possible. This forum is un-moderated, you have only your credibility at risk by pumping one way or the other. Disclosure of interest is strongly encouraged.

Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
426 [graphic]Julius Wong-October 19
425There's no change of control provision that I know of on the bonds. Would harkrw-October 15
424>> trading at about a 12% ytm << Thanks. OK, I'll take anotherscaram(o)uche-October 15
423Thanks for the background Jim! On the debt I was more wondering if there is a cghmm1October 15
422The CEO was heading up the nvs CART program and they snagged the BLUE Head of markrw-October 15
421 Congratulations on another astute pick, seem to recall you doing well with thosghmm-October 15
420Your pro forma market cap is way too low. I have an estimate of 147m fully dilutrkrw-October 15
419I'm talking 5 a.m. Tuck Standard Time. Thanks to pointing to a SECOND issuescaram(o)uche-October 14
418>> I have no idea how to do those << You'd be good at it. I gescaram(o)uche-October 14
417INFI, which firesaled today after a huge move, was another we missed. It's tuck-October 13
416>> ITEK << Well, it's not like I didn't have a pointer. Siscaram(o)uche-October 13
415Anybody, looking at the chart, will realize that the MC was recently down to undscaram(o)uche-October 13
414(amazed at how fast Southwell has moved) itek.... chagrined into studying thscaram(o)uche-October 13
413About 10 months later. 30 names vs 47. Again, not considering debt. Eyeballing rkrw1August 21
412Yikes. Bloodbath. Sorry to see that.bmaz001-January 30
411Regrettably, OCRX can now be added to your list.DewDiligence_on_SI-January 30
410Thanks, Dew. bmaz001-January 12
409VTVT shouldn't be on the list. It has two classes of shares, but your MC figDewDiligence_on_SI-January 12
408Glad to help, Rick. Find a few more winners from this list and send me some cashbmaz0012January 12
407Thanks again to bmaz and rkrw. I've chosen twice from your lists over the pscaram(o)uche1January 12
406I believe IMGN is a great investment at this point. Look at the pipeline, 4 of Gary Mohilner1January 5
405Is IMGN still a good buy in your opinion? I noticed it had a nice day (+30%) to Area51-12/30/2016
404Nice synopsis of the associated story on CEMP: talkmarkets.comArea51-12/29/2016
403CEMP? I see 249 million cash on 9/30/16 balance sheet versus total liabilities Area51-12/29/2016
402Thank you! Was sort of hoping that someone might have noticed that one of the fscaram(o)uche-12/21/2016
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.