RE:RE:4 Quarter Trends in Absorica and Absorica + "I expect about 1.5 cent per quarter gain in EPS due to this factor."
- Might want to check your math, maybe you meant 0.15 c/quarter... It's not much of a factor, but it does show good management, which is of higher value than the actual savings amount in this case.
"Once again, we saw knee jerk over selling in Q3."
I think so too, the SP had risen so far so fast that it was normal to expect a weak quarter to do this, but it is much more than it feels like it should be. My guess was 2.25 was a reasonable pullback to be expected, but even at that levels the stock was too cheap.
Cash levels will also increase substantially in Q4 to nearly $1 per share.
"At some point, one of two moves will be made by Mull.
Either we use the cash hoard to acquire or we will be sold."
- My gut feeling is Mull will not sell unless the buyout offer was huge, like 5 or 6, which isn't likely to happen, buyers normally want to pay a small premium to the past 20 days trading price. This is fortunate (in my opinion) for longs because it obviates the possibility that we get sold out for a low price.
- Dunno what they will do with the cash, guess we will see what comes up.
Picked up 20k at 1.75 yesterday and had put in another bid for 20k at 1.66 late in the day when it declined further but didn't get any.
GLTA