8.3 million in sales in 2020 3rd quarter sales 3.1 million 2nd quarter $ 600,000 in sales Wall Street rates as negative . Sell $103 million in losses in 4th quarter Can management explain these results ?
People who are serious investors and not traders see a lot of value and potential. There is no question that things are looking up as we launch this drug in 2021. The company has done a good job of retrenching and resetting, prosperity is just around the corner.
Usually when Tim talks the stock takes a dump as evident last week.The Dow Jones was up 600pts yesterday and that can cause a slight uptick along with the short money that constantly in play with Esperion as it's in the top 10 most shorted stocks consistently on the market. Esperion has done some buybacks over last 5 months also. Playing with their debt money is a dangerous thing . Don't waste your money on this stock..look how far it's gone down over last 12 months .
The volume is way down. These movements are similar to dead cat bounces. There are major holders that cant bail out now, will force too many loses. I think after a dismal q1 the reality of dilution will force the major holders to bail out. These are retail traders right now.
Interesting analysis. It shouldn't take another quarter of losses, for big guys to start unloading. But, you're right that this is retail traders...and they always are cannon fodder when the stuff hits the fan.
Everyone should see the movie The Big Short. You'll see how a shady operation with fake stock value hoodwinks day traders or retail traders.
Here we go. Stock is taking another dive this am. This just won't stop. Investors are nervous and are slowly unloading.
I read the book. Excellent explanation of what goes on in finance world. Same stuff recirculates and never changes. Sometimes someone gets called out and slapped on the wrist, then it's back to business.