Two full days left before the trial starts on the 21st. Confirmed settlement news should be coming out soon....
Srinivasa Rao (Paid)
Posts (138)
Stock will run to $8 after official settlement announcement and to $10 after earnings. Keep it long you will make a lot. Once the Opioid situation clears this will run high in 2-3 years.
Looking good. Endo will fly high soon.
J&J Launches Appeal Of $572M Okla. Opioid Judgment
Johnson & Johnson kicked off its promised appeal of a $572 million judgment in Oklahoma's first-in-the-nation trial over drugmaker liability for the opioid crisis, calling the ruling profoundly flawed and warning of "grave implications" for large swaths of the private sector
The approval they received today has 5-6 generic companies serving the market. It is low volume product. Not a money generator.
BREAKING: Opioid MDL Judge Won't Withdraw Over Bias Charge
The Ohio federal judge overseeing multidistrict opioid litigation refused Thursday to disqualify himself from the historic case, rejecting assertions from drug distributors that he appears biased against them.
Settlement is happening soon
Teva and Purdue settled at 80 and 270M. ENDO settled for 10M. If they are involved only with 20% market share vs. 60% of Purdue and appears like Purdue will settle at 10-15B. Do the math. Endo knows to negotiate. Stock will hit $10 when they announce settlement. I expect them to settle around 0.5-1B. Stock will fly high soon. Go accumulate
Added 20K shares more
65K shares bought at 3.86. Nice