Good Morning Jim,
I have a fresh set of posting rations for today, and I'm not scared to use them!!!! Agree with you about QLogic, look at their stock this morning, up 10+ points. Would've thought some might spill over to ADPT.
Regarding the CFO leaving, don't read too much into it for this quarter. Look, the guy was canned after last quarter's numbers, and has spent the last three months finding a new job and cashing in options. The downside is the question of who was looking after ADPT finances that past quarter? Don't expect this "resignation" to be the last....someone had to take the fall, and there certainly be others, potentially up to Saviers.
One thought, what if ADPT took its 700mio and purchased Treasuries. Annualized rate of return 6% translates to a quarterly return of $10.5mio, or about 10 cents a share...hmmmm.....(or better yet, invested in QLGC stock).
Any more earnings guesses? |
