Monday, March 16, 2015

Top Performing IPO Has No Revenue

Janet Yellen: "Biotech valuations are stretched"
The Yanis Varoufakis school of observation.


Market cap: $2.1 billion


And here's an $8 billion Biotech with no revenue...
This was the top performing (recent) IPO last year:



One more: I've shown this one before - Intercept Pharmaceuticals
This was the top performing (recent) IPO during 2014, until it crashed


Market Cap: $6.67 billion
Sales $1.7m, loss -$287m. 


Here is one that Jim Cramer just recommended on Insane Money:

A P/E of 233 and Price/sales of 26