Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: stillwater9999 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 31  
Subject: Re: When will this run-up end? Date: 4/29/2007 7:59 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
The most recent drivers here have been:

1) The purchase of shares in a private sale by former New River management - this is RJ Kirk buying more basically. He already owns 10%+. There is serious speculation that he may try to acquire the whole company. He easily has the money after his recent sale of New River Pharmaceuticals to Shire for over 2 billion dollars. Kirk really seems to think the technology here will be huge. He likes these plays that can extend patent life for major drugs (this continues to be one of the biggest themes in all of Pharma).

http://biz.yahoo.com/ap/070424/halozyme_therapeutics_stock_purchase.html?.v=1


2) The launch by Baxter of Hylenex in Opthalmic surgery - probably not a big deal financially but this stock is very news driven.

http://biz.yahoo.com/prnews/070427/aqf020.html?.v=9

I have actually trimmed my position. I am up almost 4x from the initial purchase price on what I have left. Overall at this price it seems somewhat speculative to me. Could be a pullback if no new major deals materialize, but there is a real chance Kirk may buy the whole thing as his new vehicle post NRPH.

sw - owner of HTI in an individual account
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement