SRDX - SurModics - Biotech IPO Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : SRDX - SurModics - Biotech IPO

SRDX 31.15

+5.7%

Apr 28 3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lance Bredvold who wrote (78)	12/13/2024 8:46:57 AM
From: Lance Bredvold	of 83

It wasn't my last post. Got to wondering why the board would want that SRDX be bought. For me, in my last year or two of life, it works out better but they certainly were not thinking of me. What is more likely is that they learned that developing the business was going to cost a whole lot more than they'd originally expected. The choice then became whether to try to sell individual stockholders like me on a few more years of losses on the likelihood of a full transition to a large medical products company. Or would it be easier and better to get some body with a lot of money and sell them on their prospects. Plus it means our CEO would not have to put on shows every quarter making promises which he normally would make every effort to keep. I really have to realize that I've been loyal to this investment largely based on faith in quality CEO's, boards and employees,(with one exception). But I've not made a lot of money with them. It's been OK since I bought at appropriate times (often on puts) and sold at highs with calls. Wait! Looking over the history now I see that I sold in my taxable accounts but never in the logical place--my IRA's. What the heck. My early buys in 03 and 06 only returned 2 to 3.5%. No dividends or splits. But then later buys look good at a presumed $43. I sold off those early buys in the taxable account for minor gains in 2016 and 18. Today I guess I should feel lucky if I get out at $43. Many recent shares will return 30 to 50% for a couple of years. And I might even be smart to escape at the $41 which looks like the current price.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next