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Spectrum Pharmaceuticals (SPPI) declares special dividend of $0.15/share quarterly dividend. For...

Spectrum Pharmaceuticals (SPPI) declares special dividend of $0.15/share quarterly dividend. For shareholders of record Dec. 20. Payable Dec. 28. Ex-div date Dec. 18. (PR)
Comments (4)
  • Excellent news for us long suffering shareholders.

     

    Hopefully we can get a quarterly dividend going forward!
    11 Dec 2012, 07:43 AM Reply Like
  • Stock down $7 a share and a 15 cent dividend. Merry Christmas..... )
    11 Dec 2012, 08:01 AM Reply Like
  • It is not the company's fault...

     

    In four years sales up from $38 million to $3000+ million, profits from a $49 million loss to $100 million profit, 1/3 the market value is cash, its drug cures cancer in one injection 88% of the time for $40 grand versus the competition that costs $120K, takes two years, and only works 53% of the time. Its other drug is taking market share from a generic that has been around 30+ years (though the shorts think it will lose to the generic). It is presenting 19 abstracts at ASH. It has a pipeline that could provide many more growth opportunities.

     

    Management is excellent with a brilliant strategy, and the new hires from Amgen will take it to new heights.

     

    Compare the earnings, growth, and balance sheet to any other $600K-$1.5 billion market cap biotech and tell me which one(s) are stronger, more profitable, and have a brighter future.

     

    At 3x cash, 6x earnings for a 50% grower, for the life of me I cannot understand why 60% think the price will go down.
    11 Dec 2012, 08:51 AM Reply Like
  • i hope it will be OK now on.
    11 Dec 2012, 10:22 AM Reply Like
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