Lakewood outlines Opko short thesis

On watch Wednesday morning are shares of Opko Health (OPK).

Lakewood Capital has published its OPK short thesis on Seeking Alpha.

Ultimately, Lakewood thinks "the shares are worth 75-100% less than where they are currently trading."

"We believe it is unlikely shareholders will ever see a profit out of OPK," the firm says, adding that in their opinion, OPK "has become little more than a day trading vehicle."

See also: OPK slides on Lakewood short position; StreetSweeper defends OPK

Full SA article

Full Lakewood report

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Comments (6)
  • fpyouris
    , contributor
    Comments (6) | Send Message
    Its such a shame that so negative articles are allowed to publish . Wait for the short sqeeze.
    11 Dec 2013, 08:21 AM Reply Like
  • chudzikb
    , contributor
    Comments (1967) | Send Message
    Been looking to add some more shares of this company, could be just that opportunity today. When you get lemons, make lemonade?
    11 Dec 2013, 09:18 AM Reply Like
  • Growfast
    , contributor
    Comments (295) | Send Message
    Good luck with your shorts, Lakewood. You may not own any when done on this one. Make sure you go long on TWTR at these levels.
    11 Dec 2013, 09:31 AM Reply Like
  • Gratian
    , contributor
    Comments (3627) | Send Message
    I agree, a short putting out a hit piece due to a squeeze. It will be interesting to see if we have insiders buying shortly.
    11 Dec 2013, 11:00 AM Reply Like
  • Qniform
    , contributor
    Comments (4591) | Send Message
    I'm writing puts.


    To me the real story is SA censoring comments. That is the first time I've seen them "moderating" the comment stream. I'm still thinking about what it means, but my first reaction is that it smells funny.


    I may abandon this site. We'll see.
    11 Dec 2013, 01:50 PM Reply Like
  • Gratian
    , contributor
    Comments (3627) | Send Message


    Maybe the editors will opine as to the reason, but I agree, if that becomes standard procedure it will put a major hurt on this site.
    11 Dec 2013, 08:18 PM Reply Like
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