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Questcor Pharmaceuticals (QCOR -6.1%) after Mizuho starts the stock off with a Neutral rating...

Questcor Pharmaceuticals (QCOR -6.1%) after Mizuho starts the stock off with a Neutral rating and $28 price target. There's also word Aetna is fixing to slash more coverage of Questcor's Acthar.
Comments (6)
  • Michael Fuller
    , contributor
    Comments (298) | Send Message
     
    Yet again, Seeking Alpha Market Currents doesn't follow stocks. Aetna 'news' is 'no change'. They just added some study info to the policy bulletin. An excuse for a bear raid. The Aetna change happened months ago and is very very old news.

     

    Nice bear raid though. Glad to pick up more cheap shares.
    30 Nov 2012, 09:56 AM Reply Like
  • Ernest P Icahn
    , contributor
    Comments (378) | Send Message
     
    Ah! But, it matters little when it makes Headlines. In the market place I am a lamb amongst a pack of wolves.
    30 Nov 2012, 01:51 PM Reply Like
  • ggpique
    , contributor
    Comments (82) | Send Message
     
    I agree with Michael. Someone dumped 1.5 million shares in the first 45 minutes of trading. My hunch is that the shorts are starting to get nervous this is why:

     

    In the next 2 or 3 weeks the QCOR Board will meet to go over the 2013 budget, the 2012 numbers and attend the Holiday party. The QCOR board will likely declare their second quarterly dividend payable at the end of January at that time. The dividend payout ratio is like 10% right now and cash flow has been growing very fast. Based on actual results, there is no reason why the QCOR board should not increase the dividend, 25%, 50% or even 100%.

     

    At that point the shorts are carbonized toast. I would be nervous also.
    30 Nov 2012, 10:56 AM Reply Like
  • piggysun
    , contributor
    Comments (165) | Send Message
     
    I am also expecting a dividend hike to kill the shorts
    30 Nov 2012, 01:34 PM Reply Like
  • Ernest P Icahn
    , contributor
    Comments (378) | Send Message
     
    Dumping 1.5 million share doesn't make anyone short or nervous, it makes them wise. Dividends only drain company coffers. Nothing whatsoever this company has done has scared-off 26 million shorts. They existed way before this because the company is run by flakes.
    30 Nov 2012, 01:47 PM Reply Like
  • kamalmehta
    , contributor
    Comments (25) | Send Message
     
    ggpique: can you explain shorts are getting nervous....1.5 mill seller if it is from a short just added to his position
    30 Nov 2012, 12:00 PM Reply Like
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