TSXV:BTI.H - Post by User
Comment by
KayakerBCon Feb 01, 2016 5:54pm
225 Views
Post# 24514154
RE:RE:RE:RE:RE:Many early stage biotechs are being sold down to cash
RE:RE:RE:RE:RE:Many early stage biotechs are being sold down to cash
DigiHoller, I see you are now arguing against yourself. What you just posted says...
"....our review of 270+ small-mid cap US biotech stocks suggests that trough valuations have been reached for the US biotechnology sector, with small-mid can EV/cash multiple of 2x, inline with trough values reached in downturns in 2002 and 2008."
That's actually good news for BTI. Our stock price has hardly budged and we're getting the Biotech beatdown out of the way BEFORE we get any license agreements.
We'll be better positioned if we get license agreeements at the Biotech index bottom rather than when it is peaking.
(my bolding)