Gary-
<<Speaking of news, will UK approval affect VVUS's price significantly, in
light of no flow through to the bottom line because they cant meet
present demand anyway? >>
I believe that if UK approval came tomorrow, it could probably move the stock back to, but not through, 28-30. This delay has made some longs nervous, and probably gotten rid of a bunch of the weaker ones.
And without the progress payment, Q3 will be less likely to provide a third straight blowout.
This deal is supposed to be next to done. So it would be unreasonable to expect much more than a retracement back to highs, if that, on this news. After all, two great earnings blowouts haven't been able to get us past the low 30's.
I agree with Rubble's expectation of more strength in anticipation of Q3, but that's still the better part of two months away. And if we get the earnings I'm expecting, the 30's might be a thing of the past by late September. Watch the backlog numbers---that, along with the progress payment, is the key to Q3 blowout. If they never catch up with that backlog(this quarter) I will be a happy (sh) long. |
