RE:RE:Two Years ago Mr. Meir tried to save PitchinPennies wrote: Knight Therapeutics is to this day a one-man band, made up of Jonathan and his handful of acolytes. If there is any doubt about this, please refer to the trading symbol and the "hilarious" opening slide he still uses for his pitch deck, which offers knee-slapping wordplay on his surname. It was a cute monologue when it looked as if he alone might know what he's doing in establishing this oddball second-act.
The clash with Meir was a gut-check. Now investors simply get to watch Jonathan playing 3D chess with himself and his invisible adversaries, while the share price sinks.
Yes, it takes time and infinite patience to do what he once did at Paladin, and, yes, it's a worthwhile vision. But there's an alternative interpretation, which is that the world has changed since JG's hey-day and the pharma business has changed drastically, too. What hasn't changed one whit is Jonathan. He's got the same suits, same line of patter, same daddy issues, same giggling at things no one else sees or understands. I like the guy, and if you told me three years ago that I wouldn't be backing up the truck to acquire shares if they ever went below five bucks, I just wouldn't have believed it.
Something does smell a little off lately. I'll keep an eye on GUD, but I'm not a buyer this week or next.
Well said PitchinPennies.
I feel the same way about most of your thoughts - and I felt the same way in 2002-2005 with PLB.
There is a noticeable difference this time around as the plan isn't the same.
They don't like Canada or South Africa as they are too expensive.
They do like LATAM as they see opportunities.
The more ground they cover - the more opportunities they can pick from - and we know GUD needs options or we'll never get any deals done. : )
That's a huge difference from my perspective (compared to my original investment in JRG).
Yes - the company has been tiny to this point - the conductor with 4 musicians (or so).
That has drastically changed recently and we certainly want them to right-size this beast to make it more efficient. That will make everything else they need to do easier. IMO