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Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 16.72+6.4%Sep 13 12:00 AM EDT

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To: JJINV who wrote (52190)8/23/2019 7:45:33 AM
From: erickerickson5 Recommendations

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"They are not shy about hiring!"

They weren't last time either. I was all excited last time by the hiring as a show of confidence. Which it was, even if misplaced. I'm not that excited this time, even if it does show confidence. "Once bitten, twice shy" comes to mind.

I do wonder what the head count now is .vs. January just before the CRL. About the only insight we have into what happened personnel-wise after the CRL is that they went to significant effort to keep the sales staff from bolting. And made some changes at the top for sure.

Other than that, we don't know much. My uninformed guess is that they made an effort to keep people they considered key from leaving and otherwise left positions open those who decided to move on. Now they're filling them back up again toward pre-CRL levels.

I have no evidence one way or the other if they "rightsized", but frankly I rather hope not as it would make hiring now more difficult.

So my guess is that now they're betting that they'll have a need (speedily I hope) for full staffing again and are starting to staff toward those levels. Let's claim that's true for a second. My (again guess) is that when the approach those levels is the time they're expecting the CRL, hope it's before Christmas, and I hope they're right this time.

That said, I don't have access to their personnel records so my guess is as good (or bad) as anyone else's.

And this is a job posting. The absolute minimum I'd guess is that it'd take a month to fill, and that's if there's an ideal candidate beating down the door. 2-3 months wouldn't surprise me at all, especially for the senior positions. Although what you can tell from job titles is anybody's guess. In my business, "Senior programmer" frequently seems to require "5+ years programming experience", a mere child IMO not "Senior" ;).

Just for yucks I tallied up the openings by when they were posted:

Last week
8
1-2 weeks ago
12
2-4 weeks ago
8
1 month ago
18
2+ months ago
17

So they're certainly not thinking they're going to close the doors any time soon! Mind you I'm encouraged, just not giddy this time around.

Anyway, enough. I have to go build some drawers for my workbench.
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