QLTI Biotech Ideas
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Created by RocketStocks
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Date updated:02-20-2009
To say we are in a market of historical dislocations is to state the obvious these days. One interesting dislocation is between a company’s market capitalization (total shares outstanding multiplied by its current price per share) and the associated net cash on that company’s balance sheet.
Due to massive deleveraging across all asset classes, interesting short and long term opportunities are being created---particularly
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QLTI
Qlt Inc. - $3.85
- 0.00%
- $N/A
But QLT has $155.95 million in cash sitting on its balance sheet! With that market cap, that amount of cash and zero debt, QLT is trading with a negative enterprise value of $8.2 million. And companies with negative EVs are always worth looking at. QLT, a small biotech firm based in Vancouver, Canada, makes prostate cancer drug Eligard, macular degeneration drug Visudyne and acne treatment Aczon.
-
GS
Goldman Sachs Grp - $172.00
- +1.17%
- $171.67
Even better, QLT hired Goldman Sachs as a financial adviser, and QLT management is looking to sell off this part of the business. Merrill Lynch says that Eligard is worth $150 million to $180 million, while RBC says $125 million to $145 million.
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DNA
N/a - $80.43
- 0.00
- $80.43
No Analysis added
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PFE
Pfizer Inc - $18.53
- +0.93%
- $18.49
No Analysis added
-
AMGN
Amgen Inc. - $56.25
- +1.57%
- $55.79
No Analysis added
-
BIIB
Biogen Idec Inc - $46.79
- +0.88%
- $46.49
No Analysis added
-
MRK
Merck Co Inc - $36.42
- -0.11%
- $36.75
No Analysis added
-
CELG
Celgene Corporati - $55.65
- +1.35%
- $55.20
No Analysis added
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