RE:Kitchen Sink Qtr. and all the shorts could manage -9% HAHAHAYou didn't listen to the conference call dear Sir. There are not 60 new drugs going forward - refere to the Martin Landry's question on the R&D impairment they took. They wrote off $1.1 BILLION on 816M of revenue, so good luck with your turnaround hope. Without baggies like you who seem to have a fetish for coachroaches, we would not have a stock market so I thank you for buying this trainwreck. And how do you know write-offs have been dealt with - they said that they were due to "trigger events" in Q4 and would likely carry into Q1-2017 when Prokash Gawd asked about them.
MrHulot wrote: UncleBen, congratulations you managed three coffees today. I intend on drinking
Champagne at the end on this.
Massive revenue increase. Write offs are dealt with and factored in. 60+ new drugs going forward.
An indication that sentiment is changing is when with bad news, shorts can’t drive it down much. As I told you many times before, this turnaround will take time. How does anyone think a new CEO can change things in four months. Look to late 2017 for this to start really improving.
In the meantime, Longs, buy in the $2s and sell in the $3s. Did a lot of trading today. Might be getting to green earlier than I thought.