Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 189.55

+3.5%

Dec 12 9:30 AM EST

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To: Mudcat who wrote (26490)	11/14/1998 11:23:00 PM
From: Cheryl Galt	Read Replies (2) of 32384

Mudcat, the revenues for 3Q98 were much the same as for 2Q98. And the loss from operations was identical, 16,275,000. (How's that for an arithmetic coincidence?) It sounds to me like progress was delayed a quarter, pretty normal for pre-profit biotechs. The big difference in this 3Q quarter report is that we're sure the company has money for the next year of operations, and we really are on the brink of commercialization. Because of that 30mm one-time charge, we may get on the lists of negative earnings surprises Monday morning, and maybe get a chance to pick up a quick bargain position. And I do NOT mean that sarcastically. News about the FDA meeting likely won't come until Monday after close, or Tuesday. Monday could be bargain day. Cheryl BTW, the 3Q eps of -.40 would have been about -.50 if computed with the 32.8mm shares outstanding in 3Q 1997. Thank dilution for the better sounding eps.

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