Author Topic: PDRX - PD-Rx Pharmaceuticals  (Read 27494 times)

orion

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PDRX - PD-Rx Pharmaceuticals
« on: November 26, 2013, 09:39:32 AM »
I´ve seen a discussion about PDRX here before but i think this little company deserves its own thread.  For a nice overview and a great write up, I would recommend the post on the Alpha Vulture blog http://alphavulture.com/2013/11/04/pd-rx-pharmaceuticals-obvious-cheap/

The company is quite cheap and should appear even cheaper when they release their 2013 report. What especially grabbed my attention was a comment made by one of the readers of the above blog. Stating that one of PDRX´s largest competitors was shut down by the owner. But not because they were unprofitable but because this company caused concers with customers in other parts of the larger holding company.

So in the end this could be positive for PDRX.

Any opinions?
« Last Edit: December 10, 2013, 05:26:01 AM by orion »


wknecht

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #1 on: November 27, 2013, 07:05:06 AM »
Definitely cheap. Another idea I poached from the board. Thanks to Nate or whoever originally mentioned this one a little while ago.

Has anyone received their annual report? Expected to by now because the date on the 2012 one was November 2. Figure they send this out before posting on their website.

Hielko

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #2 on: November 27, 2013, 07:10:46 AM »
The 2011 AR was released at the end of December: they don't follow a fixed schedule, so it could take some time before it's released.

wknecht

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #3 on: November 27, 2013, 07:15:29 AM »
Right. Just looked at some of the older ones too, one was as late as the end of March.

orion

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #4 on: December 10, 2013, 05:29:50 AM »
Just found this on Youtube: http://www.youtube.com/watch?v=a4Kl3l0eCcA
A demo of their Dispensing System.

no_thanks

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #5 on: December 10, 2013, 05:47:58 AM »
Hi,

Earlier this summer I sent emails to the COO Jack McCall, and did not get a response.  I then sent letters to a list of owners from an old filing from the early 2000's I found, mainly Management and family of Management, trying to get them to buy back shares.  I had no luck with that either.  I did hear that someone has has had some good contact with Mr. McCall, so if you are out there, I would love to hear what you did differently than I did to start a constructive dialog. 

The big question for me is what they are going to do with all the cash?  If margins came up a bit too, that would be nice too.  I will post if I get the report in the mail. 

no_thanks

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #6 on: January 02, 2014, 03:35:10 PM »
Annual Report came out.  Looks really good to me.  Let me know what you think!

no_thanks

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #7 on: January 02, 2014, 03:55:47 PM »
Really happy that they repurchased 44,609 shares at avg. price of $2.74.  Hopefully they continue to do that.  It is really a no brainer at this price level and debt level.  Great year all around in my opinion.

Hielko

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #8 on: January 02, 2014, 04:03:02 PM »
I suspect that the share repurchase is from an employee that left or something like that since I don't think there was enough trading volume to buy that on the open market. I do think the share repurchase is good news, but I don't directly think this will be a recurring event nor do I think this implies anything (positive or negative) about the capital allocation skills of the management team.

no_thanks

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Re: PDRX - PD-Rx Pharmaceuticals
« Reply #9 on: January 03, 2014, 05:19:15 AM »
I suspect that the share repurchase is from an employee that left or something like that since I don't think there was enough trading volume to buy that on the open market. I do think the share repurchase is good news, but I don't directly think this will be a recurring event nor do I think this implies anything (positive or negative) about the capital allocation skills of the management team.

Yes, that sounds right to me.  They put a lot more effort into the report this year, which taken by itself doesn't matter, but hopefully it means that they are going to spend more time on getting the share price more in line with the companies value.  Why they don't take it private is a mystery to me.

Happy New Year.