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Beacon Enterprise Solutions Group, Inc.
Trading Symbol: BEAC.OB
Good and Great Morning!
BEAC’s corporate motto should be “Get ‘er done”.
To say that BEAC is just another, run-of-the-mill IT/Telecom firm—would be the furthest thing from the truth! continue
Winning Brands is currently a penny stock that has flirted with sub-penny stock status very recently and then seemed like it was going to be dollar stock…all in the space of a few weeks.
As you will see in the accompanying chart, Winning Brands, Inc. (WNDB) has been on a roller coaster ride of late.
I would look for some more confirmation that the stock is basing here at these levels. It is highly volatile and appears to be under accumulation.
Winning Brands is one of those “take it on faith” stocks….because, there is not a great deal of information available about them other than some PR, a website and a few filings. They have made claims that they are going to be fully reporting. I have talked to the company and they say that they are working aggressively towards that goal.
The company itself has a complete line of eco-friendly cleaning products that they are selling through retail outlets worldwide. I have some experience in retail and while it is important for WNBD to get broad distribution, it is also important that they back up sales with ads, buzz, point-of-sale promotions….all stuff that costs money that WMBD doesn’t have yet.
They are on a fund raising campaign and will need every penny to make a splash in the market. I did a very unscientific study and called my local paint store that carried WNBD’s products. The counter person, at first, didn’t even know they carried it. I insisted because I saw it on the site and she then located it. I was hoping for a “gee whiz” testimonial about how this was the greatest product ever. But, I didn’t get that.
That is, however, what WNBD needs to achieve….. A buzz that will carry the name of the company and its products to the four corners of the globe, literally. Their “Extreme Home Makeover” tie-in is great, but where are the Billy Mays-type infomercials? According to a December PR, they are working on a Direct Response ad program. If that gets seen, it could be HUGE for the company.
WNBD might be a good little trader. It is building a following from what I read on the boards and it has a “story to tell”. Any break below $.01 and the stock should be avoided. But, if it can hold this level, then it might be a good entry point. News and rumor are going to drive this company’s stock.
Be fast, be nimble with WNBD.
Good luck and good trading,
Jeffrey Dean
Note: Yahoo! Finance lists the name of WNBD as Global eTutor, Inc. Google Finance and Pinksheets.com list it as Winning Brands, Inc. This must be one of those corporate shells issues.
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Reading a chart is sometimes like telling fortunes by reading tea leaves. You may have a rare insight into a person or a situation by reading the leaves….or, you could just be full of crap!
I don’t think I am full of “it” when I recommend my members take a look at Microvision, Inc. (MVIS). As recently as two months ago, the company’s stock hit a 52-week high of $5.75. The stock couldn’t maintain its momentum and began to give most of the gain back and then recently announced a discounted equity offering that “finished ‘em off”. It is a good thing to raise capital, but MVIS set the price for the stock with an offering priced at $3.00 (all to one institutional investor, by the way) and that predictably drove the price to that level. It has recovered slightly, but still hovers around $3.19 as of Friday.
MVIS, especially with the latest capital raise, will have a strong balance sheet. Even before this raise, the balance sheet was in good shape: Good ratios, little or no debt, cash-in-the-bank, etc… However, they are going to need every dollar with the burn rate that they are experiencing. Great technology, but markets are only just beginning to be tapped and they are still in a big R & D push.
MVIS, the company, offers a technology platform that enables next generation display and imaging products. Their main markets are displays in vehicles, projectors, wearable displays and bar code scanners. I recommend that traders check out the MVIS Website. They have some cool technology that they think will be the standard in the years to come.
I also like the chart. The stock has taken its beating with the bad news (to traders) about the capital raise and the technical indicators are looking more favorable.
MVIS is a good radar stock, IMO. The stock should be avoided for any break below the $3.05 range, but I don’t believe that it will break down. The fact that an institutional investor is willing to pony up $9.3 MM for stock in a company that doesn’t make a profit, but has nice technology (and 115 patents at last count), is pretty impressive.
Long term this might be a good stock to own, but since I live in the short-term world….look for a ‘pop” in the near term.
Do your due diligence, but I like what I see with MVIS
Good luck and good trading
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
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I was doing some sector research tonight and came across a company that has a VERY interesting Chart: Iridex Corporation (IRIX). It just hit a 52-week high yesterday of $3.34 and the rise has been very steady and very strong over the past month. Trading off a base of around $2.20, it has offered patient investors a one-month gain of over 50% and a 52-week gain of 227%.
And, what is not to like about IRIX? It is turning a profit, has cash-in-the-bank, has manageable debt and good coverage ratios. As a recovering CPA, I actually am very impressed with the company. Investors seem to be, too. For a small cap (around $25MM) and tiny float of around 5.9 million shares, IRIX has really performed.
Iridex, the company, is a a global leader in developing, manufacturing, and marketing innovative and versatile light-based medical systems and delivery devices. They offer laser based solutions for multiple specialties including Aesthetic Medicine, Ophthalmology, Veterinary, and Otolaryngology.
My question is when will the stock chart crack? I am seeing a chart that is very overheated, has seen tremendous (for it) buying volume over the past month (i.e. rarely a down day). See the chart for yourself:
This is a low-volume stock that has had a very prolonged run. Will it crack? I don’t know, but it bears watching. The low volume and small float is worrisome to traders like me (I never like to get caught in a stock). So, be careful.
There are two ways to play this stock: 1. Short - look for the break below the 50-day MA or weakness in the MACD or, 2. Long - This stock is building an audience and buyers are believing in management and its prospects are looking too good.
If I was a betting man (I guess I am), I am thinking that IRIX should be watched for a near-term correction.
Good luck and good trading
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
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Protectus Medical, Inc. (PTMD) is kind of a corny name….get it? Protect Us!
But, it does fit in very nicely with their mission and their main product: a self-sheathing safety syringe.
PTMD is a long-term project, IMHO. The company came public in September backed by a strong PR program. I mean, they were taking ads out in Barron’s….for goodness sake. The stock came out at one dollar traded up to $1.70 on very strong volume and it has been a long, slow slide ever since. Sellers have dominated and the stock has gotten knocked down to one-fifth of its high.
Does that mean that we should forget about them? Are they done? I don’t think so.
I did lots of research, called the IR people, read boring 10-Q’s and came out of it with an upbeat opinion of PTMD. But, let’s talk about the negatives first:
Going Concern: Like every under-capitalized company, PTMD has got cash flow problems. I take it for granted that they are looking for capital and that was confirmed by the IR people.
No manufacturing and No revenues: When I first did an alert on PTMD, it appeared that they were a great deal closer to actually manufacturing their “revolutionary device”. It is still going to be some time in 2010 before they have units ready for sale. The company is looking for both domestic and overseas production for their syringes.
Sellers are in control: It appears from PTMD’s chart that sellers are firmly in control and the downward pressure on the stock price is unmistakable! When will the stock reach “sellers exhaustion” is difficult to guess (but it could be soon, IMO)
Now the positives:
The product: My sister is a registered nurse and, ironically, we have had conversations about needle sticks. It is one of the most worrisome aspect of any medical professional’s job. I can not speak to the efficacy of their product. All I know is what I read on their site. PTMD has taken steps to safeguard their technology both domestically and globally with an aggressive patent program. Needle sticks is a problem in the medical profession and PTMD appears to have a viable product. They have a video on their site showing the syringe in action(and how it compares with others on the market): PTMD Syringe Very interesting viewing!
“Hospitals must take the safest device” : During my conversation with the IR people, they said something that I wrote down about hospitals taking the safest device. What PTMD is offering, once it is on the market, could “sell like hotcakes”. Frost and Sullivan, a market research firm, states that:
“Safety issues concerning regular syringes are driving the adoption of retractable syringes across the world. For instance, nearly 5.6 million healthcare workers in the U.S. suffer as many as 800,000 sharps injuries-mostly with needlesticks-each year. At this rate, around 2,100 health care professionals are likely to incur a needlestick-related injury every day. On an average, one out of every seven workers is accidentally struck by a contaminated sharp/needle and only one out of three incidents is reported. Companies participating in the world retractable syringes market are making use of these staggering statistics to convince end users on the advantages of using retractable syringes and thereby, increase their market penetration.” source: Frost and Sullivan
I have not taken the time nor do I have the expertise to know if PTMD’s syringe is the best one available on the market, but they certainly believe so.
The Price - I was shocked when the IR people told me the costs of syringes. A single syringe costs as low as 17 cents to as high as 75 cents…..what syringe companies lose in price they make up in volume, I guess. One of the “knocks” that I have read against other “safety syringes” on the market are their cost. PTMD is aware of this and plans on pricing their syringes on the lower end of that range (approx. 20 to 23 cents). They believe that will alleviate the price objection when they are working with hospitals on accepting their syringes.
The Chart - The “falling knife” has landed…I think. Since I own shares in PTMD, I have been watching it since almost the beginning. What was a short term trade for me turned into a long term hold (Didn’t follow my own rules about stop losses). Since I am in it, I think that now is a better time to watch PTMD.
PTMD might be prime for a short term bounce, but I would watch it long term to see if it can execute on its strategy. It’s all just “smoke and mirrors” until they get their syringes on the market, but I think the potential of the stock makes is something that should be on the trading radar. The stock is still trying to find a bottom, but IMO it’s not that far off.
Disclosure: Long PTMD
The old axiom in automotive circles is that in order to gain power, you must sacrifice gas mileage. Another way to say it is that there is an inverse relationship between power and gas mileage.
Or, at least that USED TO BE the “old saying”.
My alert company today has developed a “game changing technology” that is operational and ready to hit the road.
That company is: NeoHydro Technologies (NHYT). continue
I find banks really boring. It doesn’t help that I used to work at a bank and when I was a CPA, I used to audit banks. Every day on the bank audit it was like pouring hot coffee in my lap….excruciatingly painful.
Doing my nightly chart scans, I came across a bank that has an interesting chart, seems to be faring reasonably well financially and is a multi-billion dollar bank selling for around $5.
The bank is Marshall & Isley Corporation (NYSE: MI) I know! A NYSE stock on my little blog. It calls itself a diversified financial services corporation, but scratch the surface and it says “bank”. I like the chart and think it should be watched for some more bounces, but I also like the news.
MI seems to be very handy at raising capital. They are getting oversubscribed for their issues (2 so far this year) and they are using some of those funds to pay off their dreaded TARP loans. MI is not out of the woods yet. They continue to post operating and net losses and still have the same issues that face all banks these days, but they have done a good job cleaning up their balance sheet. Their “mark to market” adjustment was only $1.5 billion! That is a lot of bad loans!
The chart:
As you can see from the chart, the pressure on the stock is to rise. The Stochastics are deeply oversold, but now turning up. The MACD is bearish, but the histogram indicates the lessening of the bearish trend. It is still well below the zero line and I would like to see the MACD give more positive indicators before trusting it too much. Both up and down volume have picked up lately….maybe it is under accumulation again. You can see from the chart how far it has fallen from its recent high.
Much of this “evidence” of a bounce is anecdotal. Yesterday, the stock was up 10%. I would watch it to see if that trend continues.
Good luck and good trading
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
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I have a Rite Aid near my home that I have stopped in to on several occasions. I can tell you I am in no hurry to go back. The store looks old and tired and is not laid out very well. The store personnel didn’t seem to care that I was even there.
I don’t know if my local store is a valid indicator of the state of Rite Aid Corporation around the country, but my experience seems to be indicative of RAD’s larger problems. Customers are staying away in droves. Whether it is strictly the economy or other issues,
Financially, their balance sheet is still a mess. Their income statement, while showing signs of improvement (sales holding steady, operating profits the last two Q’s) still doesn’t contain lots of good news. RAD Corporate issued a corporate update (considerably more upbeat than my quick analysis) - you can read it by clicking HERE
I did not come to kill Rite Aid as a stock or a company, but my belief is that the company is not “out of the woods” yet.
However, as a chart play, there might be a reason to look at RAD.
My chart analysis shows me that:
See for yourself!
To my mind, RAD is a short-term play only. Big profits were made in its 2009 run from 20 cents to over $2.00. I don’t know if RAD has that kind of move again or not (I kinda doubt it), but watch for any surges. I would never recommend buying RAD on the HOPE that it will go up, but if the chart is any indicator then there MIGHT be a bounce in it.
Good luck and good trading
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I did a blog on American Oriential Bioengineering back in April of this year. I have been familiar with AOB for quite a few years….trading in and out of it profitably several times. Back on April 27th of 2009, I did a blog saying that I was bullish on the st0ck. It was a good call….AOB was not a one day rocket, but a position trade that delivered solid gains for patient traders. Here is a link to my April 27th blog
I think that it might be time to look at AOB again. As strange as this sounds, I “trust” the company. Their financial condition hasn’t changed much since I blogged about them previously. It is a profitable company that has strong financials (cash-in-bank, good ratios, etc…). The only fly in their ointment continues to be their debt (over 115MM last Q). However, they have strong cash flow and no liquidity concerns.
Let’s take a look at their chart:
AOB may not be a double or a triple, but I think that AOB is a stock that my members should take a look at. The chart is favorable, the rumors of a impending financing is positive, the company makes money and has lots of money in the bank….all good things.
Good luck and good trading
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Labopharm Inc. (DDSS) is an international specialty pharmaceutical company focused on improving existing drugs by incorporating its advanced controlled-release technologies. The Company develops products internally in order to enter into strategic alliances or licensing agreements with national or international pharmaceutical companies that have the necessary resources and distribution networks to market and sell its pharmaceutical products.
The Company offers once-daily formulation of the analgesic tramadol under the Ryzolt brand name for the treatment of severe chronic pain in adults. Labopharm’s products in pipeline include once-daily formulation of Trazodone, a serotonin antagonist reuptake inhibitor for the treatment of depressive disorder. Its product candidates in clinical development based on Contramid platform comprise twice-daily formulation of tramadol plus acetaminophen to address acute pain; and Abuse Deterrent Platform to provide safer medications through resistance to the uncontrolled release of the active ingredient after actions, such as breaking, chewing, crushing and heating, or consumption with alcohol. Its product candidates in clinical development based on the Polymeric Nano-Delivery System platform comprise lipid-and preservative-free formulation of the intravenous anesthetic agent propofol; and SN-38, which is the active metabolite in the prescribed intravenous colon cancer drug irinotecan.
The Company was founded in 1990 and is headquartered in Laval, Canada.
Share Statistics Jul-20-09 |
2007 |
2008 |
%Chg |
Q1 2008 |
Q1 2009 |
% Chg |
||
|
Symbol
|
DDSS |
Revenue, CAD Mn |
19.0 |
22.0 |
15.8% |
3.2 |
5.0 |
56.3% |
|
Current price
|
$2.00
|
Gross marg. |
62.1% |
73.6% |
1,150 b.p. |
71.9% |
71.8% |
-10 b.p. |
| 52wk Range: |
$0.32-$2.95 |
Oper. margin |
-5.3% |
-184.5% |
n/m |
-290.6% |
-160.7% |
n/m |
| Avg Vol (3m): |
451,409 |
Net margin |
-192.6% |
-185.0% |
n/m |
-302.5% |
-160.7% |
n/m
|
|
Market Cap.
|
$113.7M |
|||||||
| Dil. Shares Outst. |
56.83M |
EPS, CAD |
-0.64 |
-0.72 |
n/m |
-0.17 |
-0.14 |
n/m |
DDSS’ revenue for Q1 2009 increased 56.3% to CAD5.0 million from CAD3.2 million for Q1 2008. Revenue from sales of the Company’s once-daily tramadol product for the first quarter of fiscal 2009 increased to CAD3.8 million from CAD2.2 million for the first quarter of fiscal 2008. Net loss for the first quarter of fiscal 2009 was CAD8.0 million, or CAD0.14 per share, compared with CAD9.7 million, or CAD0.17 per share, for the first quarter of fiscal 2008.
Cash, cash equivalents and marketable securities at March 31, 2009, were CAD 35.9 million compared with CAD44.9 million at December 31, 2008. At March 31, 2009, the Company had a debt of CAD29.9 million and an accumulated deficit of CAD265.5 million.
|
Canadian Dollar |
# of Estimates |
Mean |
High |
Low |
1 Year |
|
SALES (in millions) |
|||||
|
Quarter Ending Sen-09 |
1 |
9.10 |
9.10 |
9.10 |
– |
|
Quarter Ending Dec-09 |
1 |
11.60 |
11.60 |
11.60 |
– |
|
Year Ending Dec-09 |
7 |
31.11 |
34.60 |
23.66 |
40.57 |
|
Year Ending Dec-10 |
5 |
63.06 |
92.20 |
46.47 |
57.26 |
|
Earnings (per share) |
|||||
|
Quarter Ending Sen-09 |
2 |
-0.09 |
-0.09 |
-0.10 |
-0.12 |
|
Quarter Ending Dec-09 |
2 |
-0.06 |
-0.06 |
-0.07 |
-0.10 |
|
Year Ending Dec-09 |
7 |
-0.45 |
-0.38 |
-0.54 |
-0.35 |
|
Year Ending Dec-10 |
4 |
0.10 |
0.19 |
-0.03 |
-0.05 |
Analysts polled by Thomson Reuters expectDDSSto “Outperform,” with three analyst recommending the stock a “Buy,” the same number as three months ago; one analyst expecting the stock to “Outperform,” the same number as three months ago; three analysts rating the stock a “Hold,” the same number as three months ago; and one analyst rating the stock with “Outperform,” the same number as three months ago.Thomson Reuters pooled analysts anticipate revenue of CAD31.11 million and a net loss per share of CAD0.45 for the fiscal year 2009.
In late 2008, FDA approved DDSS’ once-daily formulation of the analgesic tramadol – Ryzolt. The Company’s marketing partner for its product in the United States, Purdue Pharma L.P., launched Ryzolt tablets in May 2009, these being the second once-daily tramadol therapy to reach the U.S. market. DDSS’ once-daily tramadol product is being commercialized globally and to date has been launched in 15 countries, including Canada, Brazil South Korea, Australia and the five largest individual markets in Europe. In addition, it has received regulatory approval or is under regulatory review in 29 countries and the Company has established marketing partnerships for its product in 38 countries. Meanwhile, DDSS’ product (marketed under the brand name Tridural in Canada) was ranked number one among tramadol products in terms of new-to-brand prescriptions in Canada for the first quarter of 2009.
In September, 2008 DDSS submitted a New Drug Application to the U.S. Food and Drug Administration (FDA) for Trazodone (DDS-04A), a once-daily serotonin antagonist reuptake inhibitor (SARI) that provides an effective alternative in the treatment of major depression. On July 20, 2009, the Company received a complete response letter from the FDA, which states that theFDA will not approve its application for the antidepressant Trazodone in its present form as a result of deficiencies at the active pharmaceutical ingredient (API) manufacturing facility. The API manufacturer, Gruppo Angelini, has said that the observations raised by the FDA are not critical.
Recently, DDSS amended its debt facility agreement with Hercules Technology Growth Capital Inc. Under the amended agreement, DDSS has extended the date required to begin repaying the loan to July 1, 2010, from July 1, 2009, and the maturity date of the loan has been extended to June 1, 2012, from December 1, 2011. In consideration of the revised repayment terms, DDSS will not draw down the remaining USD 5 million of the USD 25 million facility. DDSS also entered into a CAD 2.6 million credit facility with the National Bank of Canada (the ABCP Facility).
Depression therapy is one of the largest drug therapy markets in the world today. More than 120 million people around the world suffer from depression. The World Health Organization predicts that, by 2020, depression will be the second-largest cause of the global health burden. According to a report by AdvanceTech Monitor, the market for antidepressant drugs continues to grow, although the rate of growth has slowed down in recent years due to generics competition. Global sales of branded antidepressants rose over USD 20 billion in 2008.
The worldwide market for tramadol is estimated to be valued at USD 1.3 billion, and IMS Health estimates that the worldwide sales volume of tramadol has grown at a compounded annual rate of 14% over the past five years. Pain affects an estimated 76 million Americans and the annual cost of chronic pain in the United States is estimated at USD 100 billion, including healthcare expenses, lost income and lost productivity. The United States is the world’s largest market for tramadol products with sales for the 12-month period ended September 2008 of more than USD 650 million resulting from more than 25 million prescriptions, which have grown at a compounded annual rate of 11% over the last five corresponding periods.
The Company is trading near its lower Bollinger Band. This suggests that the stock price is low relative to its recent price action.
The Company is traded with premium to peer P/S multiples. The Company continues to prepare for the commercialization of its novel antidepressant and intend to launch in the U.S. market as soon as possible after it receives approval. With approval of their once daily tramadol in the United States, and pending approval of Trazadone, DDSS could move to profitability in a short time period.
| Company Name | Ticker | Price per | Mrkt. Cap. | P/E | P/S | ||
| Jul-20-2009 | symbol | Share, $ | $ Mn | 2009 | 2010 | 2009 | 2010 |
| DepoMed. Inc. | DEPO | 3.38 | 173.1 | n/m | n/m | 3.96 | 2.69 |
| Biovail Corp. | BVF | 13.75 | 2,180 | 9.23 | 8.49 | 2.74 | 2.55 |
| Watson Pharmaceuticals Inc. | WPI | 33.00 | 3,480 | 13.64 | 13.41 | 1.28 | 1.23 |
| Impax Laboratories Inc. | IPXL | 7.56 | 458.6 | 44.47 | 15.12 | 1.81 | 1.49 |
| Piedmont Natural Gas Company Inc. | PNY | 16.03 | 557.6 | 11.53 | 13.94 | 0.74 | 0.91 |
| QLT Inc. | QLTI | 2.66 | 145.3 | 16.63 | 14.00 | 1.25 | 1.27 |
| Median | 13.64 | 13.94 | 1.55 | 1.38 | |||
| Labopharm Inc | DDSS | 2.00 | 113.7 | n/m | n/m | 3.66 | 1.80 |
Source: Thomson Financial, Yahoo! Finance, Analyst estimates.
Net Share Purchase Activity
| Insider Purchases - Last 6 Months | ||
| Shares | Trans | |
| Purchases | n/a | n/a |
| Sales | n/a | n/a |
|
Net Shares Purchased(Sold) |
n/a | n/a |
| Total Insider Shares Held | n/a | n/a |
| % Net Shares Purchased (Sold) | n/a | n/a |
| Net Institutional Purchases - Prior Qtr to Latest Qtr | |
| Shares | |
| Net Shares Purchased (Sold) | n/a |
| % Change in Institutional Shares Held | n/a |
Data provided by Thomson Financial
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
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