End Of The Line For Synergy Pharmaceuticals [Seeking Alpha]
SYNERGY PHARMACEUTICALS (SGYP)
Last synergy pharmaceuticals earnings: 11/8 05:00 pm
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US:NASDAQ Investor Relations:
ir.synergypharma.com
Company Research
Source: Seeking Alpha
No one likes to get the call wrong. Alas, it is the nature of the investment game. Reviewing our performance in 2018, our worst call was, without question, Synergy Pharmaceuticals ( SGYP ). The small pharmaceutical company has filed for bankruptcy and its assets are set to be bought up on the cheap. Bausch Health Companies ( BHC ) has offered $200 million for them in the court-supervised auction and sale. Since we initiated coverage of Synergy in October 2017, we published 19 research notes about the company. In our first note, we declared that “ After A Stumble, Synergy Pharmaceuticals Is Poised To Rise ”. We followed that up with an even worse judged note titled “ Not A Falling Knife ”. As it turned out, Synergy had a long way to fall. In our most recent note (published, quite aptly, on Halloween), our tone had changed in light of the company’s imminent financial distress: “ Can Synergy Survive This Crisis ?” The answer to that last question: No. What went wro
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