SI
SI
discoversearch

Biotech / Medical
Biotech for less than cash value
An SI Board Since April 2002
Posts SubjectMarks Bans
413 112 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
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
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
401It looks like DAFNA Capital closed out a 500K share position over Q2 and Q3. Of bmaz001-12/21/2016
400Well, that choice ain't looking so hot. Still haven't found a fatal flascaram(o)uche-12/21/2016
399I've been looking at mrns, selectively, among the issues pointed to in this scaram(o)uche-12/20/2016
398When I posted the original message IMGN was trading for more than its cash per sGary Mohilner-10/30/2016
397Here's a similar list. When in doubt, trust the linked 10-Q filing from sec.bmaz001210/29/2016
396Unfortunately, likely very few. Some could be great reverse merge candidates thrkrw110/28/2016
395Appreciate the list! I think I asked if you could sort them by probability of tghmm-10/28/2016
394An update. 47 at or sub cash but as Q3 numbers roll in, that will move down. rkrw510/28/2016
393 Ticker Company Name Cash Shares PPS Market Cap MCap/Cash CBYL Carbylan Therapeubmaz001-8/12/2016
392 IMGN is at lows not seen in about a dozen years, close to cash value. I believGary Mohilner-6/25/2016
391 Get it below cash and I can add it to the list :) RVNC ranked 110th as of yrkrw-6/15/2016
390LOLDewDiligence_on_SI-6/15/2016
389After yesterday's sell-off, RVNC almost qualifies for your list, and I wouldDewDiligence_on_SI-6/15/2016
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.