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Post by neil36 on Sept 30, 2021 20:49:18 GMT -5
www.dividendchannel.com/drip-returns-calculator/I was using this link to calculate some returns on my dividend paying stocks. Then I plugged in MNKD with various date ranges. 1. Any calculation based on more than five years ago clearly explains the level of anger and animosity towards this stock, especially when it was presented with such high expectations. 2. I was quite surprised at the results when I plugged in May 2017 (when Castagna became CEO).
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Post by neil36 on Sept 30, 2021 20:58:39 GMT -5
![]() I am not smart enough on ProBoards to paste screen shots. But here are my two take-always from this website: $10,000 invested in MNKD in Sept 2014, when someone first told me about MNKD, would now be worth $974.86 $10,000 invested in MNKD in May 2017 when Castagna became CEO, would now be worth $41,407.98 Just sayin’ |
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Post by cretin11 on Sept 30, 2021 21:18:03 GMT -5
Those calculators are fun, and highly dependent on the dates chosen. Investment “gurus” love to cherry pick dates to show how prescient they were with previous stock picks.
For example, someone could say it takes a few months for a new CEO to exert a real influence on a company. If they plug in a date in October 2017, then that $10,000 investment in MNKD would be worth only $8,403 today, over which time the overall market has been on an incredibly strong run.
Day to day stock prices are so fickle, it’s wise not to read to much into them on either side.
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Post by neil36 on Sept 30, 2021 21:29:46 GMT -5
Those calculators are fun, and highly dependent on the dates chosen. Investment “gurus” love to cherry pick dates to show how prescient they were with previous stock picks. For example, someone could say it takes a few months for a new CEO to exert a real influence on a company. If they plug in a date in October 2017, then that $10,000 investment in MNKD would be worth only $8,403 today, over which time the overall market has been on an incredibly strong run. Day to day stock prices are so fickle, it’s wise not to read to much into them on either side. And if you plug in March 18th, 2020, $10,000 is now worth $45,252.75 As painful as this stock has been since it was first recommended to me as a “invest, sit back and get rich” idea, the only thing that has saved me as that I liquidated huge portions of my pension in March 2020 and went “all in” on MNKD at that point. It was the best investing move I’ve ever made. But yes. The calculator is powerfully insightful as to why there is so much hatred and animosity towards this ticker symbol. It’s easy to plug in most any date over four years old and see absolutely devastating results. That is why I posted this. |
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Post by neil36 on Sept 30, 2021 21:53:38 GMT -5
$10,000 invested on the day Castagna became CEO (May 25, 2017) is now worth $30,628.37
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Post by olderteampt on Sept 30, 2021 22:28:45 GMT -5
If you look at the number of scripts per month for Afrezza when Mike C became CEO and then look at the number of scripts per month currently and then subtract the number of scripts per month added due to Vdex and subtract the number of scripts added per month added due to work of mouth of current users you get a better idea of just how much Mike C has really contributed since he became CEO. Is it impressive? Or is the growth due to outside factors and not Mike?
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Post by Clement on Oct 1, 2021 7:11:59 GMT -5
If you look at the number of scripts per month for Afrezza when Mike C became CEO and then look at the number of scripts per month currently and then subtract the number of scripts per month added due to Vdex and subtract the number of scripts added per month added due to work of mouth of current users you get a better idea of just how much Mike C has really contributed since he became CEO. Is it impressive? Or is the growth due to outside factors and not Mike? Please show your numbers. |
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Post by olderteampt on Oct 1, 2021 9:36:19 GMT -5
I don't know the number of scripts added due to VDEX and I don't know the number of scripts added due to word of mouth of Afrezza users. Here is what I do know. Even if you assume "zero" for both which I know is wrong and you consider Mike has been at the helm for over 5 years the number of new scripts added due to Mike per year alone is not a number to brag about.
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Post by sportsrancho on Oct 1, 2021 10:06:54 GMT -5
Word of mouth is spreading in New Mexico😉
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Post by mango on Oct 1, 2021 10:12:29 GMT -5
I feel bad for those who are under water from investing in MannKind during the early years, but that’s one of the risks that comes with investing.
I’m happy with my investment and have more than doubled my money so far. I’m happy with the way the company was saved from total disparity, and turned around into a fine looking future. Tyvaso DPI approval this month.
Will there be some investors who never recover or live to see a return? Sure, but blaming someone who wasn’t even around back then for not having the share price where you want it today is disingenuous. Mike isn’t perfect and has made mistakes, but overall has done a tremendous job.
PPS when Mike took over as CEO on May 25, 2017 was $1.47.
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Post by mannmade on Oct 1, 2021 11:28:42 GMT -5
My issues with Mike are that he was brought in to raise scripts/sales for Afrezza. Then after sales did not go up, Mike went behind Matt's back, the CEO who hired him in the first place to raise sales, to the BOD. Mike went to the BOD to get Matt replaced (with himself) saying he could raise the scirpt numbers, that he had failed to raise as COO. In the five years since, this has not happened to the degree one would expect. Not by a long shot imho.
Matt took a chance on Mike and Mike stabbed him in the back, where is the loyalty or morality in this?
Mike said there would be more transparency and I do not feel that is the case.
Mike takes credit for a lot of things where discussions began under Matt. Mike recently took credit for the settlement with Sanofi in a recent cc this year. I know for a fact it was due directly to Matt.
Mike never offered to reduce his comp during lean years as many CEO's did to align with shareholder losses/interests. Mike has diluted when he said he would not. Mike promised cash flow break even long ago and we are not yet there. Mike offered projections that were way off and has not offered any since. Mike hires and fires sales reps with plans that do not come true.
What ever happened to David Kendall? What ever happened to that marketing lady? Sponsorship of race cars? $10m on commercials? Really, I have not seen one consistent marketing effort for Afrezza. Where is the much vaunted online campaign? Where is any marketing campaign?
The reason Mnkd is now on verge of some limited success is from Steve Binder if you ask me.
I do not mean this to sound as harsh as it may to some.... and if you support Mike, I am fine with that... But I urge you to do so with clear EYES... (Yes, am homage to Al) GLTAL's
(Also as a full disclaimer, I am friends with Matt P and have felt for a long time he was never given his due.) "Just the facts please..." or "You can't handle the facts..." Peppy the quotes were for you... HAHA!
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Post by sweedee79 on Oct 1, 2021 12:34:38 GMT -5
Thanks Manmade for telling it like it is.. so refreshing!!!
If some people wish to sing his praises.. fine, but I don't!!. taking credit for what someone else has done and purposefully scheming to take someone's job isn't cool!!
I too believe that Steve Binder is who deserves credit for where we are now financially...
If in fact something Mike is doing turns out well, I will be happy to give him his due credit.. but right now I don't see it.. I have always believed Matt P is a class act and was a good friend to Al..
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Post by mannmade on Oct 1, 2021 12:44:34 GMT -5
Thank you! Sweedee, I am with you 100% PLUS...
This has been sitting with me a long time and I just held back for various reasons...
But lately, especially when he took credit for the Sanofi settlement I just decided it was time... Its hard to trust someone when you see how their actions play out... Trust but verify... GLTAL's!
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Post by markado on Oct 1, 2021 13:00:42 GMT -5
I feel bad for those who are under water from investing in MannKind during the early years, but that’s one of the risks that comes with investing. I’m happy with my investment and have more than doubled my money so far. I’m happy with the way the company was saved from total disparity, and turned around into a fine looking future. Tyvaso DPI approval this month. Will there be some investors who never recover or live to see a return? Sure, but blaming someone who wasn’t even around back then for not having the share price where you want it today is disingenuous. Mike isn’t perfect and has made mistakes, but overall has done a tremendous job. PPS when Mike took over as CEO on May 25, 2017 was $1.47. I just saw a t-shirt at lunch that said, "Don't blame others for the road you're on, that's your own asphalt." Doesn't apply to all situations, but it certainly applies to self-directed investment choices. BTW, I've at times resembled that remark - in my earlier days of portfolio mgmt. Cheers to all die-hard diamond-hand longs, and maybe to the road less traveled. |
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Post by sweedee79 on Oct 1, 2021 13:19:22 GMT -5
I'm not down on my investment nor is that why I feel the way I do about our CEO.. I take responsibility for my own actions.. just not so sure he does..
It's an issue of morality and integrity and whether or not Mike is the right person to be running this company...maybe we would have been better off with Matt!!!
I don't like the way that all went down.. nor would have Al.. he would have never allowed it to happen...
People want to sing his praises .. that's fine.. but there is another side to the story.. and we have a right to voice our concerns, experiences.. and frustrations..
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