RE: Corrected earnings estimatesRocky:
I agree it would be a no-brainer for most companies. However, when you take into account QLT's past history of being able to vapourize $800 million US, you got to wonder if history will repeat itself. It was just 5 years ago that we had a company with close to a billion dollars in cash and employed 3 times their current employees. They just plundered through the money, gave out golden parachutes and bought their mansions in West Vancouver.
They have done amazing damage to the Canadian biotech industry (i.e., scaring away the average investor) and they do not seem to have any remorse. None. They just keeping handing out the incentives and accolades to the executives. I hope they have learned from their past but you gotta wonder when they seem to be patting themselves on the back so much.