Stone street advisors have sold their soul to the shorters, this is their second attempt in just over two weeks posting this garbage on Seeking Alpha, it seems the shorts now have to try and use some half bit so called advisory firm to try and help themselves in this deperate attempt to try and crawl back the large losses that they sit upon.
He states:
"What does it look like when we take the historical Income statement and project it forward using these assumptions"
Lol, why would he use historical income statements when every other analyst is now using projected revenues from contracts already won, of course historical income won't project well because they weren't producing anything and were in development stage with prospective (now becoming contract signers) customers.
This is the same guy who in his last post on the 16th said (to this affect) he could just go and get a manufacturer in China, build a website and cold call pharma and become a threat to Unilife!!
Jeez I hope the shorts didn't have to stump up too much money for this type of analysis, what a shocker!!
UNS Price at posting:
90.5¢ Sentiment: LT Buy Disclosure: Held