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Biotech / Medical
Biotech for less than cash value
An SI Board Since April 2002
Posts SubjectMarks Bans
516 118 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.

RWR
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516All disclosed before but here's what they get as a reward for running the corkrw-June 3
515VICL actually got much more equity in the merged company (40%) than you typicallDewDiligence_on_SI-June 3
514Wow. wtf. A very deserved -20%. brickellbio.comkeokalani'nui-June 3
513Oops. Thanks. 7.2m additional shares, as you point out.keokalani'nui-April 25
512I think you mean Cash>>MC. VICL has lots of pre-funded warrants out, whichBulbaMan-April 25
511In for some Vical. Ceased development program, under 'strategic review',keokalani'nui1April 25
510I've added a new column for 'Study References and Results'. Along wibmaz0011March 29
509I've added a few new columns to the 'Less Than Cash' sheet that disbmaz0012March 28
508Gone from $11.58 to $1.40 since :)rkrw-March 26
507Chuckle. Maybe that should be included in a 'short screening' algorithm.bmaz001-March 26
506Wonder if that should be a warning sign (too many primary/secondary endpoints) :ghmm-March 26
505I've added PTI to the 'Biotechs Less Than Cash' worksheet. It wasn&#bmaz0013March 26
504He would have had no idea. The simple answer is he's an impatient, crusty, arkrw-March 25
503That's really strange. Was there prior interaction where they would think ysemi_infinite -March 25
502Guess he had lunch plans :)ghmm1March 25
501PTI plunges to sub cash today. In one of the more odd experiences, I had gone rkrw2March 25
500Merck acquires less-than-cash IMDZ for $5.85/sh.bmaz001-February 21
499Presume that this is true for many entries on our lists..... >> CLDX 0.26scaram(o)uche-January 18
498adxs going AGAIN. Up 50%, and a double from your date of your post.scaram(o)uche-January 7
497hope this works (now a bit dated)....... twitter.com Nah, didn't work. Doscaram(o)uche-January 5
496I missed it but on iHub DD posted 3 reverse mergers already (2 are on the list) ghmm-January 4
495rgls comes way (%) off the bottom. Up 11% on the day, another 18% after hours. scaram(o)uche-January 4
494Thanks for the analysis and history! I got a little lucky on past ones (advm anghmm-12/30/2018
493One last modification for the day: A new tab has been created for each of the stbmaz001112/30/2018
492Thanks! Will probably pick IMDZ for my Contest portfolio.BulbaMan-12/30/2018
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