Conference call just ended...
from raging, ragingbull.com
Conference call just ended...
'The Doctor' hit a grand slam...announced he will be on Squawk Box tomorrow moring...
EVERYONE MUST LISTEN TO THE REPLAY OF THIS ALL-ENCOMPASSING CONFERENCE CALL...It should be ready for replay at 7:00PM-ET by calling 1+800-475-6701 and providing pin #506314...about 55 minutes long and well, well, well worth it...
Dr. Berger opened the conference call by giving a thourough overview of ARIAD and its current products. He discussed ARGENT and RAPID and went into particulars of stages and scheduled products...
After that, the CFO came on and gave a brief overview of the 4th quarter finances...
Then Q&A was opened up and there were approximately 12-15 very good and broad questions, including questions about products, number of patents, financial results WITHOUT sale of genome center, burn rates, the misinformed "briefing.com" statement about burn rates, stock incease today and why?, 12 month target price for stock?, possible buyouts?, death of gene therapy person in Pennsylvannia, interest by investment community, question about smallcap.com and reiterating of 'buy' today, target 'stock split', how to raise future capital after two years?, discussion about 'warrants' and their potential recall or redemption, meeting with institutional investors...
It would literally take me hours to tell you guys about the meeting...you have to listen to it...I will give you the features that I was interested in...(shotgun mode...)
Patents: 99 applications...13 approved
Financials: w/o sale on genome...qtr: -5.2M qtr, -22.2m yr
Burnrate: 2 years @ 13m per year...asked what if plan changes, Dr. said warrants could be recalled (may make a decision this month) or potential for partnership; not worried...
Why Stock up today: Dr. said no one reason...continued appreciation of stock, momentum, product portfolio, interest in gene therapy, 6 competitor stock prices, believes ARIA is undervalued compared to competitors...
12 Month Stock Target: declined to answer question, but agreed that stock is undervalued...
Possible Buyout: Dr. said not in discussions with anyone about buyout; doesn't foresee buyout in future...
Death of gene therapy patient in Pennsylvannia: Dr. said that gene regulation, whereby Dr. has control (on/off), was safer and more effective; where ARIAD is headed...
Analyst community interest: Only one analyst here today asking question; smallcap.com (asked question about death), are there more forthcoming? (benduck's question); Dr. said that in coming months, 3 new firms will start coverage; but not at liberty to divulge who at this time...
Target Stock Split: Said that at current prices it was inappropriate. Thinks ARIAD should look at competitors and at $200 appears correct...
Burnrate bad according to briefing.com: Dr. said they were flat out wrong. wrote a retraction. talked about redeming warrants again and the mechanism for recalling warrants. Dr. said they have not made decision but may end of this month. other ways to fund beyond 2 years if necessary...
Institutional Holders: Dr. indicated he meets regularly with institutional investors and updates them. there will be more in the future.
That's about it gang...hope this gives you an idea...
'The Doctor' was excellent...total control; capable of answering anything, anywhere and anytime...
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