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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: WogofWallStreet who wrote (60086)	11/18/2017 4:24:04 PM
From: Graham Osborn	Read Replies (1) \| Respond to of 78763

I looked a couple times at UTHR before striking them out. This from my notes: the STAP liability increases in proportion to the increase in the value of the common stock -> that means that if the stock doubles the STAP liability would double as well if the strike price of the "options" was zero -> and if the stock increases 5-fold the STAP liability would increase 5-fold -> sooner or later this would obliterate the tangible book attributable to the shareholders.