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This team thinks generic Renvela will have no impact on Auryxia. What a joke. With 3 generic binders now on the market, it will absolutely effect coverage. PA and Step will be the norm for Auryxia and Sanofi will basically be selling branded Renvela as a generic. Gonna be tough
Agree. Also think this is why the company will be sold. For sale shingle going up.
GM took AMAG share from over $70 to under $30 under his short tenure then took KERX from over $17 to under $5 under his tenure, see a pattern here? Hate to break it to you but he really isn't that smart.
Recipe:
Fire GM and other incompetents
Name interim CEO
Sell company
Something has to give soon.
Announced the new IDA indication and stock DROPS $1.07. GM is a special kind of stupid, isn’t he? Just SELL THIS JOKE OF A COMPANY!!
Wet Towel Greg strikes again. Down 20% on IDA indication, because dummy raised guidance the quarter before and then missed the lay-up horribly. Just get fired already—the stock will actually go up then. Klown.
Meanwhile, the powers-that-be faded the stock down from over $8 to a low of $5.23 as recently as 10/27. A precision operation, executed while klown execs twiddled their thumbs waiting to mask their ineptitude with the IDA approval.
A Carl Icahn type of investor could come in here with a take over - sell Keryx immediately and flip a profit! Yet, this company is so pathetic a corporate raider won’t even touch it!
Shareholders are fucked!
Rank & File Emoloyeds are fucked!
This should be a MBA case study on adverse outcomes when inept people wind up in positions of power!
Shareholders are fucked!
Rank & File Emoloyeds are fucked!
This should be a MBA case study on adverse outcomes when inept people wind up in positions of power!
Paging Mark Enyedy. When are heads going to roll? Guessing the Board met this week to discuss the future of Trash Co.
Traveling to London for another analyst sell-side wankfest, while the stock price slides into the pink sheets. Jeffries doesn’t count as a partnership for Europe, bozos.
Todd Campbell: What a weird story on Keryx. That's probably why we're interested in talking about it.
Todd Campbell: What a weird story on Keryx. That's probably why we're interested in talking about it.
Management screwed the pooch with poor messaging, but there is good news there and selling has been overdone. Article hits on a lot of points that have gone overlooked. Suspect buyers are going to show up very shortly.
The reaction is so overdone and dramatic. Load up the truck.
They make a lot more money buying in 4s and 5s than buying in 8s and 9s. This is all a set up. Admittedly, mgmt did a horrible job with the pr and earnings/update call. But there is lots of good if you think a few steps ahead. That said, this exec team has zero room for further F ups. Got to execute flawlessly from here out.
Also, interesting that the recent ATM has been dormant. Perhaps a positive signal that they did unload on the way down before announcement.