Quote:
Originally Posted by Biggy
IMO not true, if it gets blocked, its over for the product. the gov't will not back something not approved by the FDA. i took a quick look at the stock, i like it a lot, except for 2 things: it already trades at pretty high multiple, and secondly - you put your faith in whether the FDA will approve or deny it. what other products are out there that can compete with it it, any? is it pending patent, how far along in the FDA is it?
i have to do a bit more research.
i like the fact its only worth half a bill, and not one major ny investment house covers the stock - you can still get an info advantage over everyone else.
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1. It is approved by FDA.
2. Yes, it does trade high, but not that high for the sector.
3. No...there is no competition now.
4. Yes, they have a patent.
5. Bonus: They also have an oral drug test that has just hit the market. I'm sure employers and probation officers are tired of messing with people's piss.