Just came across a bullish write up on Furiex Pharmaceuticals(FURX), which was recently spun off from PPDI, and has since dropped significantly in share price.
Above Average Odds points out the indiscriminate selling, strong management, large cash hoard, and pipeline in making a case for “a wonderful asymmetric risk reward opportunity.”
Definitely worth reading and considering.
Disclosure: Author has no position in any stock mentioned.
Interesting. Furiex releases its Q3 earnings report next week (after hours on Nov 10th) with the conference call the following day.
I wish I could find it but I saw a piece awhile back suggesting that if approved, Furiex’s Priligy drug (for premature ejaculation) could be prone to abuse by recreational users. That would sure help it reach its sales milestones!
Haha, and thanks for the plug! Something tells me that the Viagra/Priligy combination will be all the rage at college campuses nation wide.