RE:Why did you Buy - What to do now? Value schocor wrote: GUD is definitely a different stock than I usually buy even in the healthcare space. As a portion of my portfolio, I like their niche business model which has proven to work in the past it even made the current CEO of GUD a billionaire. That being said, you are TRUSTING the executive suite here to 1> Scour the world for promising therapeutics not licensed in Canada/Latin America 2> Negotiate a distribution deal with the owners of these promising therapeutics that is accretive to GUD shareholders. What is the secret to GUD success? In my opinion, it is about finding a drug that you get CHEAP that then goes onto have another use (e.g IBS medication that can be used for hypertension). Inherent in this model is a 3-15 year GAP between the initial approval and the secondary approval. If you dont like this business model, dont think the executives can execute it or dont have patience, I would you move on. Goodman is I suspect why many of you bought the company so let him execute his plan. The good news for the Complaining longs, is that if a value investor like me is taking his SECOND bite of this stock its cheap. I can see a scenario where the share price drops another 20% - but that doesnt mean the fundamentals mentioned above are not on track. I don't know why anybody bought at $10 - I would not have done that. Stocks should be so cheap you cant afford NOT to buy them (e.g trading at cash value) Finally, I love making fun of people who cant articulate or follow an investment STRATEGY. So please keep posting your silly nonsense about how cheap the stock is OR tell us what you dont like about operations executive here at GUD. Maybe you dont like the Latin American purchase I do because it allows for the GUD strategy to be rolled out in Latin America and we get manufacturing capabilities.
Really? You wouldn't have bought at $10 dollars when it had almost 800 million in cash, $7/share NOT including it's investment in Medison. Give yourself a pat on the back for using hindisght to say 'I wouldn't have bought....'. Brokers bought $100 million and got a 10% off deal as the stock was $11 and heading higher so they thought $10 was good value.
Pretty much EVERYTHING from that point on has been a massive failure. From the selling of Medison, the best asset we ever had, to the FULL price paid for GBT just before a currency crash of 40%, in a part of the world that is a total abyss. Management has the distinction of being one of the worst performers on the Canadian stock exchange that has nearly doubled in value and that includes oil and gas companies. This is an incredible and difficult achievment. Hats off.