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re: Bought into a sinking ship stock
Posted on 11/2/23 at 4:05 pm to yankeeundercover
Posted on 11/2/23 at 4:05 pm to yankeeundercover
I'm going to be intrigued by any small pharma, and I was, until I noticed that I couldn't even find a recent earnings report for the company.
Yikes.
There's a legit chance this company can go to $0.00
From what I can tell, they have no revenue, no cash on hand, and are staying alive by loans.
Yet, their most developed drug is in Phase 2, which means no product revenue for a couple of years IF approved.
Yeah, there's no reason to invest in this company today as others have alluded to as a type of test.
Yikes.
There's a legit chance this company can go to $0.00
From what I can tell, they have no revenue, no cash on hand, and are staying alive by loans.
Yet, their most developed drug is in Phase 2, which means no product revenue for a couple of years IF approved.
Yeah, there's no reason to invest in this company today as others have alluded to as a type of test.
This post was edited on 11/2/23 at 4:11 pm
1
Posted on 11/2/23 at 5:09 pm to bayoubengals88
quote:
bayoubengals88
What’s your starting point for biotechs? Do you stick with a particular area within the sector?
It’s such a volatile and speculative space hard to know which small/mid size companies are executing well.
Then understanding pipelines is like a biochem class. For each company.
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