Clovis Oncology: I Decided To Catch The Falling Knife [Seeking Alpha]
Clovis Oncology, Inc. (CLVS)
Last clovis oncology, inc. earnings: 2/24 04:05 pm
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Source: Seeking Alpha
Clovis Oncology: I Decided To Catch The Falling Knife Summary Clovis Oncology recently reported their Q2 earnings with a miss on EPS and revenue. This was followed by a chain of bad news that made CLVS into a "falling knife." I review the events that created this reaction in the charts and justify my reason for catching the falling knife. I lay out my strategy for catching the knife and how I will manage my speculative position in the coming quarters. Clovis Oncology ( TSRO GSK On August 1st, Clovis AZN MRK announced Figure 1: CLVS Daily (Source Trendspider ) I decided to catch the CLVS falling knife after the debt offering news Image Source Event 1: Q2 Earnings Clovis global revenue for this quarter was $33M, of which $32.7M of it came from the U.S. Unfortunately, that $33M is only about 3% quarter-over-quarter growth and 39% growth year-over-year. The EU revenue was only $0.3M, the company believes ex-U.S. sales to rise The R&D expenses summed up to $70.7M for Q2 which is up signifi
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