Lakewood outlines Opko short thesis

|By:, SA News Editor

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