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A Short Case For PDL Biopharma: Why The Company Is Worth Less Than $5 A Share

A short case for PDL Biopharma: Simple math to understand why PDLI is worth less than $5 a share

In this note I will attempt to explain why I believe PDL Biopharma (NYSE: PDLI) may have substantial downside risk, why investors may be choosing to ignore this risk, why it only takes simple math to understand...

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