Buy the dip on AMAG, says Summer Street

Remember, says analyst Carol Werther, AMAG has  $214M in cash and revenues of $80M in 2013. At $22 per share, enterprise value is $261M, or just over 3x revenue. The company was also cash flow positive the last two quarters. Her team would be aggressive buyers at $17.

The stock is now off 7.4% to $20.24.

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