"Their current share count is only 105 million. Expect that count to come down significantly with the buybacks.
They can easily raise cash by issuing shares if they choose to pay Mesoblast and license the LBP and GvHD therapies."
Interesting successive sentences:
- Sentence 1 says shares to be bought back.
- Sentence 2 says shares to be issued.
Say, what?
So, after buying shares at an average price of $70 (and a peak price in excess of $100), they are now offer shares to the market at somewhere close to $40.
So, BUY-HIGH and SELL-LOW (and having effectively borrowed money to do so) is what you reckon is on the cards at Mallinckrodt.
All so that they can line MSB pockets with cash.
I wonder how happy Mallinckrodt's shareholders are going to feel about that little development, should it occur?
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Last
92.5¢ |
Change
-0.020(2.12%) |
Mkt cap ! $1.056B |
Open | High | Low | Value | Volume |
93.0¢ | 93.5¢ | 92.0¢ | $2.103M | 2.270M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 106422 | 92.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.0¢ | 59027 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 106422 | 0.925 |
19 | 158666 | 0.920 |
11 | 152313 | 0.915 |
9 | 187310 | 0.910 |
5 | 56641 | 0.905 |
Price($) | Vol. | No. |
---|---|---|
0.930 | 59027 | 3 |
0.935 | 71301 | 3 |
0.940 | 42740 | 5 |
0.945 | 71253 | 4 |
0.950 | 55201 | 6 |
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