Unconventional Capital Wisdom
Value, long-term horizon, worldly wisdom, growth at reasonable price

Revisiting Idenix: Continues To Have Big Potential With Low Risk/High Reward

In July of last year we wrote a report on Idenix Pharmaceuticals (NASDAQ:IDIX) indicating that a small chance of a potential buyout, at historic HCV takeover multiples, could send Idenix shares at least 146% higher. We liked that at that time the conservative and highly successful investor Seth Klarman's Baupost owned 18.48% of Idenix, the market was pessimistic on IDIX's nucleotide development and that Idenix's management was focusing on the long-term development of all oral pan genotypic treatments for HCV.

Since July, the shares have risen 91% and numerous significant events have occurred and as a result we have modified our thesis. We believe that although a buyout is still not out of the realm of possibility, we...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details