Mark Chapman
Long only, contrarian, event-driven

Antares Pharma: Recent Sell-Off Provides Great Entry Point

Antares Pharma (NASDAQ:ATRS) announced 4Q2013 and FY2013 results before the market open on March 13, and investors weren't impressed. The company reported 4Q2013 loss of $0.04 per share on revenue of $4.7m, which was pretty much in-line with my expectations, but the stock ended up closing down over 5.6% on twice the average daily volume. I don't think the drop in the stock price should be attributed to the actual results, however, but instead on the continued slow development of the Teva (NASDAQ:TEVA) programs and lack of details provided on the conference call. Although we may not have seen capitulation yet as retail investors throw in the towel, I do think we are nearing a bottom...

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