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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?


To: wolfdog2 who wrote (1790)2/19/1999 10:56:00 PM
From: John Metcalf  Respond to of 10280
 
Not quite, wolfdog. SEPR has a convertible debt, 2mm shares at $125. They have $500mm in cash. The last cv debt (about 4mm share around $45?) was converted to shares a few months ago.



To: wolfdog2 who wrote (1790)2/20/1999 9:29:00 AM
From: sam  Read Replies (2) | Respond to of 10280
 
Actually, the stock is no where near priced for perfection -- yet. With the earnings growth projected, this stock could legitimately be trading much, much higher than 120. Even if it misses by 20%, the stock could still sky rocket. And that's exactly why I hope to be establishing a large position very soon. Another reason? I watched every trade the last couple of days and I can assure you that the "selling" wasn't institutional, but rather small-time shorters out of Island (and the market makers who love such volatility). The question is -- can it successfully transition from a drug developer to a drug seller (like Amgen and AGPH). At this point, I wouldn't bet that it won't. But that's just me. I have a strong feeling that this stock is gonna be a lot of fun. ;)