Wow, came back after 4pm today to see this price, what a bargain!!
Hopefully Common sense will prevail with our political leaders and central banks around the world and they show the investment world a clear path to growth.
Here's the ACL clear path to growth:
1. Potential near term earnings from $30m - $40m a year
2. A soon to be announced debt facility/instrument to fund phase 3 trials at low interest rates
3. The above facility should help the company retain most earnings on the balance sheet, who knows maybe some special dividends could find their way here
4. Fonda continues to grow market share and the European markets will be open to ACL/DrR 2012/13, more earnings to come from here
5. Phase 2 and 3 trials to start next month
Obviously more to it all but I guess with the markets the way they are this is where I'll hang my hat, jeez I thought 59c was a good buy. Hope everyone is staying safe out there in these markets and making the right decisions for their personal situations.
Gluck all......
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