也许是故事实在是too good to be true,Questcor终于引来了香橼哥。2012年9月18日香橼发布看空报告,股价当天从50多打到了26,近乎腰斩,让我之前30%的浮盈瞬间化为浮亏!市场在惊魂未定中度过了两天,24日(周一),香橼发布第二波看空报告,股价当即从30被打到19!短短几天,五分之三的市值灰飞烟灭,让我着实领教到了没有跌停限制的资本市场的残酷性!
香橼报告的观点如下:
1) Highlyvulnerable to, but in apparent denial of competitive threats from: 1a)Generic Equivalent Competition 1b)Synthetic ACTH (Novartis' Synacthen Depot) is already in the market in Europe. 2)Desperate and Unscientific Basis for Expanding Markets 3)Insurance Industry Pushback 4) Lackof Intellectual Property Protection for HP Acthar Gel 5)Marketing Expenses = Utter Abuse of the System 6)Absence of meaningful R&D 7)Conflict of interest between purported stock buybacks and insider selling 8) A Noteabout the IBD "Top 50 Stocks" list 9) Finally, the Analyst "Community" – watch the excusesand defenses pour forth