22% shareholder value return

[#NoMoreNeedles]

What’s the formula?

[neil36]

Mar 2, 2020 11:45:55 GMT -5 #NoMoreNeedles said:

What’s the formula?

Closing price and annual return each of the past five years:

Dec 31, 2014 close $28.20
Dec 31 2015 close $7.25 (down 74.3%)
Dec 30 2016 close $3.18 (down 56.14%)
Dec 29 2017 - $2.32 (down 27%)
Dec 31 2018 - $1.06 (down 54.3%)
Dec 31 2019 - $1.29 (up 21.7%)

Year to date 2020 at $1.29 = 0.0%

[boca1girl]

I thought maybe close 12/31/19 @ $1.29 to close 02/24/20, the day before earnings release @ $1.52. But that only yields a 18% rise.

I agree with Neil, but I think it was pretty sleezy of Mike to make that comment since most long term investors are under water on MNKD.

[Chris-C]

Mar 2, 2020 13:00:46 GMT -5 boca1girl said:

I thought maybe close 12/31/19 @ $1.29 to close 02/24/20, the day before earnings release @ $1.52. But that only yields a 18% rise.

I agree with Neil, but I think it was pretty sleezy of Mike to make that comment since most long term investors are under water on MNKD.

I didn't listen to the call but I read the transcript. I thought this kind of "head fake" misleading statement (which seems to be emerging as the new social norm) was beneath the dignity of a mature CEO with integrity. While technically correct for some, it insults longstanding shareholders without any realistic benefit to the company, since the people who would be misled are probably not even listening to the call.

More alarming to me is the state of mind or lack of character it represents: This falls under the category of trying to find something positive to report when there is not much of substance that is dramatically positive. Under these conditions, it is probably best to just report the facts and propose a plan for doing something different that will get better results. Yes, there are headwinds, but effective leaders know that you take your lumps and pledge to do better. Start by kicking some butts in the executive suite. Get darn serious about the need to hold hands with new users.

I know little about antivirals or pulmonary physiology so this question is scientifically naive;  but how about some antivirals delivered by technosphere for the emerging pandemic? UTH, where are you?

GLTAL

Chris C

[castlerockchris]

It was a weak idea on MC's part. I wouldn't be bragging about my stock price being up 22% for the year without actually comparing it to my peers on paper. It simply makes it sound like a "trust me" type statement. Further, I would not be bragging about a 22% gain when the overall market's gain was substantially higher. I get you can't control the performance of your industry, but don't remind me that you only achieved a growth rate of 22% when the rest of my portfolio was crushing it. It only makes me think about what my portfolio would be doing without MNKD in it?

[uvula]

What bothers me the most is MC knew his audience was mostly long term investors who know the 22% comment was BS and he said it anyway. It is a sign that he just doesn't care anymore about us. Not sure he ever did. As long as he keeps the lights on he gets his salary.

[cretin11]

Couldn't believe my ears when he said that.

It's like a basketball coach who has a record of 5-20 one season, then the following season he goes 6-19 and brags about the "20 percent improvement in wins!"

[falconquest]

Hey, isn't this the new norm? Consider how politicians do this all the time.....especially the one in charge! (not to take sides)

[ktim]

It would have come across better if he at least acknowledged the prior shareholder pain. If this is the start of consistently citing this peer comparison, I'll give him a pass on seeming a bit tone deaf. If he only cites this when it seems good, he shouldn't bother at all.

[mnkdfann]

I don't recall specifics, and YMMV, but IIRC he's made favourable comparisons that were at least as ludicrous in past ECs or AGMs. Perhaps not share price related, but having to do with (IIRC) scripts or year on year sales.

[awesomo]

Mar 2, 2020 17:22:23 GMT -5 cretin11 said:

Couldn't believe my ears when he said that.

It's like a basketball coach who has a record of 5-20 one season, then the following season he goes 6-19 and brags about the "20 percent improvement in wins!"

It’s worse than that, it is like a team/coach tanking for a high draft pick (end of year dilution), and then bragging about very marginal improvements the following year.

[mymann]

Keep in mind that our stock price is 26 cents. So Mike wants us to appraise him for a nickle return. What a joke.

[bkdmd]

I am surprised MC didn't ask for a raise.

[awesomo]

Mar 3, 2020 7:52:21 GMT -5 bkdmd said:

I am surprised MC didn't ask for a raise.

That could occur later around the time of the annual shareholder meeting in a proxy statement.  He could also “ask” to increase the number of shares authorized.

[barnstormer]

Sometimes when you really don't have strong numbers to justify your existence you just make them up. Thus the 22%. As they say figures don't lie, but liars can figure.

He will ask for shares for sure. He told us in the ASM 2 years ago he wanted to keep a stockpile of shares on hand to take advantages of "opportunities like acquisitions". I think I accidentally laughed out loud.

Interesting read.

www.mmm-online.com/home/channel/features/mannkind-version-2-0-ceo-michael-castagna-faces-his-biggest-test-yet-with-afrezza-reboot/



“We know that the company will be here for the long run and we can control our own destiny,” Castagna says, crediting director, corporate communications Naomi Bandison-Johnson as the driving force behind the new brand. MannKind has not hired a replacement for chief marketing officer Garrett Ingram, who left the company in June.

We’ll be one of the mainstays. We did an assessment and identified three to five new opportunities we think we can win in and start to move forward. We’re just getting started.

Michael Castagna, MannKind