RE:This ship is sinking!!i dumped this today. What a sad story - there was so much potential when they sold Apicore. I thought big pile of money, they'd make some prudent decisions, what can go wrong? Then they wasted money on ReDS, then the huge buyback - which i got some cashed out but not enough... they are getting their lunch stolen by generics on AGGRASAT. I see no path to growth here. they blew all their money on crappy ReDS and a buyback and where do they go from here?
The crazy part is the CEO own a bunch of stock - like he has to be hurting on this as well...
So is he just incompetent?
A far better pharmaeutical company is Medexus - they are buying stuff that makes money and is actually growing earnings.. shocking! they are coming out of COVID-19 relatively unscathed and may even be more cashed up because they had to dial back some things because of COVID.