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physdude

physdude
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  • The Curious Case Of Questcor Pharmaceuticals [View article]
    Qeustcor's donations of $12 million/yr constitute less than 10% of what CDF takes in. Why is your article not focusing on the more than 90% if you think the CDF is really important?

    Further, it would be very interesting to hear as to why you think a former judge has decided to head CDF in the future if it is this shady.

    Finally, you seem to assume that the $120 million of sales generated by CDF threatens a company which does $700+ million of sales in total but don't say how that makes sense. Even if the CDF sales disappeared, it wouldn't hurt QCOR that seriously.

    This whole bizarre saga seems to be to get QCOR to answer a question akin to "why did you beat your wife"?
    Dec 16 08:26 AM | 18 Likes Like |Link to Comment
  • Questcor - Let's Compare Numbers [View article]
    I can find about 50 clinical trials on clinicaltrial.gov . How is that the case if there are none going on??
    Mar 6 02:24 PM | 8 Likes Like |Link to Comment
  • Exxon Mobil beats by $0.22, misses on revenue [View news story]
    What does mobile media have to do win Exxon??
    May 1 08:10 AM | 6 Likes Like |Link to Comment
  • Questcor Questions Pile Up Again [View article]
    This reminds me of Charlie Munger's advice which Questcor should have taken : Don't wrestle with a pig as both of you will get dirty but the pig will enjoy it.
    Mar 15 01:01 PM | 6 Likes Like |Link to Comment
  • Questcor's Secrets: Time To Put Up Or Shut Up [View article]
    It is in the label. You just need to know how to read it. :)
    Mar 3 01:50 PM | 6 Likes Like |Link to Comment
  • Ebix: Better Timely Than Good [View article]
    Ever heard of free cash flow? - the firm is expected to generate over $100 mil of FCF over the next 24 months and this is what will be used for the buyback together with the current $30 or so million that they have.

    I ultimately have no idea if there is significant fraud but with an M-score of -2.32 and the low valuation, I am prepared to take my chances.
    Jun 24 01:09 PM | 6 Likes Like |Link to Comment
  • Questcor - Let's Compare Numbers [View article]
    Well, since I went long at under 25 and have kept on shorting a lot of puts since then, I am up over 100% on my initial investment. So I am making nice money.

    However, that is irrelevant. It is still extremely incorrect to say that Questcor has no or only a few clinical trials.
    Mar 6 03:02 PM | 5 Likes Like |Link to Comment
  • Questcor's Secrets: Time To Put Up Or Shut Up [View article]
    Did you read the 8k at all? The Acthar PI gives in no uncertain terms the chemical formula for deamidated ACTH. That is what the FDA agreed to when it approved Acthar. It is like complaining that an aspirin tablet with only the chemical formula in its PI is acetylsalicylic acid.
    Mar 3 02:04 PM | 5 Likes Like |Link to Comment
  • Einhorn's Apple Preferred Stock Dividend Solution [View article]
    I think any proposal that pays out the cash pile to it's rightful owners (aka shareholders) will be very positive for the company. The shareholders are rightly frightened that the cash could be wasted in the future (or, will at least be wasted by earning 0%). In other words, capital allocation is as important as business performance for the shareholders.
    Feb 7 11:41 AM | 5 Likes Like |Link to Comment
  • Berkshire Hathaway Is A Bit Expensive [View article]
    The only reason the earnings were not that great this quarter was because of the effect of the horrible winter weather on BNSF. $120 would put it under even 1.3x book which would make it a great buy indeed. I would load much more if it gets there except for the fact that I backed up the truck when it reached 110.

    Given how expensive the rest of the market is, it does look very strange to call Berkshire Hathaway expensive at the current time.
    May 4 04:58 AM | 4 Likes Like |Link to Comment
  • Questcor's Secrets: Time To Put Up Or Shut Up [View article]
    Look at the formula for ACTH listed on the PI and at what is there on position 25. A chemist reliably informs me that the Asp that is there instead of Asn indicates deamidated ACTH. The FDA probably assumes that the readers of the PI know some chemistry and can fill in the big words for themselves.
    Mar 3 01:50 PM | 4 Likes Like |Link to Comment
  • Warren Buffett Hates Dividends [View article]
    That is a disingenious argument, Bikerguy, and I suspect you know it. The argument is about what the rules of the game should be, not whether one should follow the alternative set of rules that one wants to be in place. Using your logic, I could argue that libertarians are being hypocritical by making use of government services as they can voluntarily give up doing so but I think most reasonable people can see that such an argument would be disingenious.

    As far as I can make out, Buffett is going to take the maximum legitimate advantage of the existing rules (as he must as a CEO) but is arguing for a much better set of rules that benefit the majority even if it is disadvantageous to him personally. It is definitely big hearted of him to do so.
    Jul 31 11:49 AM | 4 Likes Like |Link to Comment
  • Questcor's Upcoming First Quarter Report: An Investor Reference Guide [View article]
    I heartily thank bear raids for my cheap QCOR and EBIX shares! This is an amazing investment opportunity and I am shorting a ton of puts as the premium is very high.
    Apr 25 03:18 AM | 4 Likes Like |Link to Comment
  • Apple Is Where The Value Is At [View article]
    There is no reason why undervaluation should prevent the price from falling - any investor around for more than a few years will be able to give you many examples of this. Similarly, any investor who was not comatose during 1999 and 2000 will be able to give you plenty of examples of extraordinarily overvalued firms whose stock price continued to increase by several hundred more percent.

    It is great if Richarde Ross is never wrong about the market. He must also have extraordinary self control to keep himself away from the market because, if a person is never wrong, he/she will very soon become a trillionaire and the world still hasn't seen one. (The wealth on his paper trading account must be extraordinary though, given that investors who are highly imperfect by these standards and who make, admit and learn from mistakes like Buffett have only made billions.)

    (Apologies to the real Richarde Ross - this is not a comment on you but on a caricature of you.)
    Apr 21 12:29 PM | 4 Likes Like |Link to Comment
  • Einhorn's Apple Preferred Stock Dividend Solution [View article]
    I don't understand your comment. It is only long term shareholders who will be concerned with the payout of excess cash as capital allocation takes a long time to get reflected in the returns. However, the long term effect of capital allocation is enormous (look at Buffett for example - and he is no speculator).
    Feb 7 03:11 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
114 Comments
174 Likes