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Post by sportsrancho on Feb 28, 2021 16:04:10 GMT -5
I always thought that it was Spencer that said it wasn’t worth as much as people were saying it was.
Would be interesting to have an opinion from them.
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Post by akemp3000 on Feb 28, 2021 16:34:09 GMT -5
I recall the argument that the plant wasn't worth much. The basis for this was that the facility is a specialty plant and who would be interested in buying if a fire sale had to occur. Potential bankruptcy still lingered at the time at least from the bashing perspective. That thinking ignored that a sale lease back would be a real estate financial transaction with the new owner having no serious interest in actually owning the plant but big interest in the rental income and tax implications. There's a huge market in the U.S. for groups buying rental houses to rent. For the lack of a better example, this is somewhat similar to a reverse mortgage on a house where the occupant retains the right to stay and even payoff the loan at a later date and retire the reverse mortgage. With the plant being ultra modern and success for Mannkind now looming strong, the timing was right for both buyer and seller to make this deal. IMO, those claiming the plant would not be worth much were simply dead wrong as has now been proven.
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Post by longliner on Feb 28, 2021 18:14:55 GMT -5
I recall the argument that the plant wasn't worth much. The basis for this was that the facility is a specialty plant and who would be interested in buying if a fire sale had to occur. Potential bankruptcy still lingered at the time at least from the bashing perspective. That thinking ignored that a sale lease back would be a real estate financial transaction with the new owner having no serious interest in actually owning the plant but big interest in the rental income and tax implications. There's a huge market in the U.S. for groups buying rental houses to rent. For the lack of a better example, this is somewhat similar to a reverse mortgage on a house where the occupant retains the right to stay and even payoff the loan at a later date and retire the reverse mortgage. With the plant being ultra modern and success for Mannkind now looming strong, the timing was right for both buyer and seller to make this deal. IMO, those claiming the plant would not be worth much were simply dead wrong as has now been proven. But they sure strung a lot of big words together to support being dead wrong!  It's the grandmother rule, "if you can't explain it in language your grandmother can understand you either don't understand it yourself, or you are being manipulative". Did you get that Grandma?  |
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Post by gamblerjag on Feb 28, 2021 18:25:19 GMT -5
Kevin has me blocked for some reason🤣 A recent development. It may have been a mistake but consider yourself lucky |
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Post by peppy on Feb 28, 2021 18:26:38 GMT -5
I recall the argument that the plant wasn't worth much. The basis for this was that the facility is a specialty plant and who would be interested in buying if a fire sale had to occur. Potential bankruptcy still lingered at the time at least from the bashing perspective. That thinking ignored that a sale lease back would be a real estate financial transaction with the new owner having no serious interest in actually owning the plant but big interest in the rental income and tax implications. There's a huge market in the U.S. for groups buying rental houses to rent. For the lack of a better example, this is somewhat similar to a reverse mortgage on a house where the occupant retains the right to stay and even payoff the loan at a later date and retire the reverse mortgage. With the plant being ultra modern and success for Mannkind now looming strong, the timing was right for both buyer and seller to make this deal. IMO, those claiming the plant would not be worth much were simply dead wrong as has now been proven. But they sure strung a lot of big words together to support being dead wrong! Agreed. This plant is a "Clean plant" parts of the plant are sterile. Pharma catching on in the overall market. MNKD added respiratory to their list of specialities. Technosphere, right into the alveoli. Respiratory. |
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Post by peppy on Feb 28, 2021 18:37:39 GMT -5
But they sure strung a lot of big words together to support being dead wrong! Agreed. This plant is a "Clean plant" parts of the plant are sterile. Pharma catching on in the overall market. MNKD added respiratory to their list of specialities. Technosphere, right into the alveoli. Respiratory. Posted Fri, Jul 12, 2019 at 9:43 am ET MannKind Corp. Expands Tech Operation in Danbury
The company's Danbury site develops inhaled therapeutic products.
"This expansion will allow us to utilize more fully the capacity of our world class, FDA-approved manufacturing facility for dry powder inhalation products. We are also pursuing opportunities to utilize our lyophilization capacity to fulfill the needs of our industry and drug development partners," stated Joe Kocinsky, Chief Technology Officer of MannKind, in a release. =============================================================================================================== |
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Post by liane on Feb 28, 2021 18:41:57 GMT -5
Lyophilization or freeze drying is a process in which water is removed from a product after it is frozen and placed under a vacuum, allowing the ice to change directly from solid to vapor without passing through a liquid phase. The process consists of three separate, unique, and interdependent processes; freezing, primary drying (sublimation), and secondary drying (desorption)....
Much more - read the link
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Post by geomean on Mar 1, 2021 8:08:37 GMT -5
I certainly included the value of the Danbury facility in my original evaluation of the company and purchase decision. This announcement of their intent to proceed with a sale leaseback, dependent on everything aligning, highlights the value of the Danbury facility to the investment community at large. The MNKD stock price has been consolidating during this latest market decline and is likely in another bottoming process. ( Several of the cycle analysts are looking for a twenty week cycle low in the current ten day timeframe. See eg David Hickson’s latest update youtu.be/HorzJNrkmoE or Stan Harley’s analysis beginning at 0.25:00 and specifically projecting March 11 as the “ideal” within a flexible window at 0.27.00 here youtu.be/G-mup1Ga91s?list=PL4904950210BFDEBE or Eric Hadik at consensus-inc.com/?q=article/weekly-re-lay-294 with a window ending today). I expect an upward price reaction to the last conference call and analyst presentation to begin shortly in sync with a general market pivot upward. |
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