Been in at out of VVUS from the day I shorted at 74 ,,covered at 32,, went long at 16 ,,sold at 26 ,, shorted at 32,, bought back at 22 ,,sold at 38 ,,
While all this was going on ,, the contention and dd was that VVUS had a forward looking pe of 9 ,, eps of 1.40 in 99,, more awesome than IOM at the time ,,
Since the last run by Vinic,, as I heard the conference call,, I remember ceo telling us that VVUS will have 6 lines end 97 ,, two new factories ,,, and increase of 600% in the production and double in revenue for 98,,
Then we had the FDA inspection of New Jersey factort fiasco,, only 2 lines went in to operation ,, as Viagra rolled out ... VVUS argument was that Viagra and VVUS will compliment each other,, well now with spate of deaths ,, and refusal by the majority members of the WHO refusing Viagra.. brought a somber reality to the street ,,
Indeed both will compliment each other,, further VVUS will have a niche in elder segment of the demographics ..
As for the price movement,, last time VVUS had a buy rating ,, it went from 22 to 42 ,,in 3 weeks time ,, I am not saying same scenario will take place,,but indeed the buy rating from a formidable house will sustain VVUS above 10 ,, rather I see trading range of 14 - 18 in near term,, and as numbers come out ,,, we can possible see mid 20s again .. I am counting on it ,, as we have seen the bottom at 5 1/2 ... |
