Something I've learned about posting with stocks is that when the punterati start musing about possible takeovers or mergers, that's often a sign they're losing a bit of confidence in the company. So with that preamble, I hope people don't take this the wrong way when I wonder that maybe PTX has too many plates spinning for the capital backing and instead of SYC furiously darting back and forth jiggling the sticks, maybe it's time to narrow the focus to the chart toppers and secure their future rather than be all things to all men.
It's a nice problem to have, in a way. There are no duds in the company's stable of stars but it would be an unenvious task to have to let one of the kids go however I'm pretty sure, as a rational businessman, Steve has always got his eye out for any such opportunity. The biggest issue I could see is that the network of carefully cultivated cross-collaborations and equity in patent ownership and licences could be a bit messy for any outsider. There's been a carefully woven web created to maximise coverage and minimise costs. Thermo Fisher's involvement just being one of many.
The other issue is that relinquishing control for cash usually requires letting go of the best jewel for value so I personally hope there's no partnership dilutions or divestments but if hacking off a finger is what's needed to save the deal then pass the tanto knife and the binding cloth. I'm pretty sure SYC is a rational player and know when the numbers would make sense.
PTX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
