I really doubt all the rumors of a buyout, I think its just pure stock manipulation
Tim,
I want to say first that it's fun having you on the thread and I hope you stay. I also hope that you are permitted to stay and that SI doesn't exercise censorship against you again. To the extent you might be criticized for being bearish on ASND, heck, I would rather hear the bearish view than not (though you can hardly be characterized as being truly bearish). Anyway, burying my head in the sand gets me nowhere.
I do not know if a buyout will in fact occur by YE97 or at all, but there is no doubt in my mind that discussions toward that end are occurring among and between ASND and potential strategic partners identified by ASND. Glenn Rudolph just did a fine job of listing the reasons why. Still other reasons come to my mind, many of which have been identified on the thread. The biggest issue in my mind is not whether discussions are occurring, but whether ASND can get as much for the stock as it intends. If the buyers don't materialize at the right price, you are right and there will be no takeover. I believe it was Maverick who recently warned that a buyout number would more likely be in the high 40s than in the low 50s. If the best offer should fall much lower than that, it is, as you say, back to the fundamentals. Fortunately, I believe the fundamentals are strong for the time being, even though it would make sense to me to entertain a strategic partnership going forward in this rapidly growing yet increasingly competitive and increasingly concentrated market sector.
Gary Korn
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