RE: RE: My question is...Are we next in Endo's sho
BNC is certainly on someones list, likely multiple lists, but nothing will happen before Urocidin gets closer to the finish line. It's just too premature on both sides....
That said, our biggest drawback on a takeout price would be our debt level. HT had a debt level multiples lower and actual has half of our float....and they saw 4-5$.....I doubt we would see anything north of $2....which would be not only highway robbery, but rape and pillage thrown in to boot!
if ENDP came in a offered $5, it would value us net debt at around 4x what we are now......but I'm not sure the market sees us as a $400-500M market cap yet.....in a few weeks maybe :)
Nobody is gunning for us yet, but by years end maybe......but it still doesn't make our joke SP look or feel any better. That's something that a dummy like me just can't figure out.....