Why Spectrum Pharma Is Poised to Bounce Back
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, biotechnology company Spectrum Pharmaceuticals has earned a respected four-star ranking.
With that in mind, let's take a closer look at Spectrum and see what CAPS investors are saying about the stock right now.
Henderson, Nev. (1987)
Chairman/CEO Dr. Rajesh Shrotriya
Return on Equity (average, past 3 years)
$124.4 million / $50.0 million
Sources: S&P Capital IQ and Motley Fool CAPS.
Since the big plunge in March, the stock has traded between 7 and 9 as the street apparently awaits a revenue trend. The latest quarterly numbers weren't much of a help, as Zevalin declined while Fusilev and Folotyn ticked up. I'm unenthusiastic about the Marqibo acquisition and the company was very vague about the prospects for apaziquone in the last CC. Probably the brightest light on the horizon is belinostat, although it seems that the prior goal of a late summer NDA submission won't be happening. In short, I'm not expecting great things from this outperform but I see it as a low risk move as the share price dips to the lower end of recent range.
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The article Why Spectrum Pharma Is Poised to Bounce Back originally appeared on Fool.com.Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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