Q1What a nice quarter. These were the points of interest to me;
* Nice profit, despite large legal expense
* Resolution of Trulance liability uncertainty (unless I'm mistaken)
* Bought back a respectable amount of shares
* No debt
* Positive, growing net cash balance sheet. This gives them lots of options.
If this thing didn't have a quoted share price, or if I didn't know what it was and had to guess what it is, I would guesstimate it at around 3.50.
Still feels very, very undervalued for a pharmaceutical.
Today's share price action was pretty weird, was around 1.30s to 1.40s then in the close it jumped to 1.60. I wonder if there was a fat finger trade at work, or if someone caught wind of the earnings release numbers and thought highly of them. The fat finger thesis is a bit questionable because it was a lot of seperate trades with a bit of a time spread between them. Hrm.
I wonder if we will see it sail > 2.00.
Sitting on a respectable sized pile here, I like the company, fun to own and see what is going to happen.
GLTA