Ernst_Grafenberg Posted - 7 hours ago

$FLGT christ, I forgot just how much this stock sucks. No reason to get battered like this while nearly every other sh*t company just soars on nothing but euphoria. There's nothing fundamental about TDOC or LMND surging by double digits daily. Extremely frustrating.

Endergast07 Posted - 7 hours ago

$FLGT Sexy the only one with puts:

Endergast07 Posted - 7 hours ago

$FLGT Institutions are accumulating

Ernst_Grafenberg Posted - 1 day ago

$FLGT relatively heavy buying in high 16s-low 17s. Maybe, MAYBE, it found a bottom. We'll see. If the market takes a dump, probably another leg down. Ming needs to use some of that cash to buy an AI startup that can boost their diagnostic/clinical biz. The market might jump on that.

jjdoindd Posted - 2 days ago

$FLGT I have to think patient long-term or even medium term value swing traders will be highly rewarded here. I added materially in last couple days and will continue to accumulate. Institutions are on sidelines and not sure value investors even exist anymore. Pretty much momentum players taking this down. Not bleeding too much cash and -$300M EV. Not sure I've seen anything like this. No corporate governance but Ming owns 30% of company so pretty sure incentives are aligned. Just wish he'd start buying back stock. I can see why others wouldn't buy if the company isn't buying at these levels though. Whole stock is bizarre. Nonetheless, easy buy here.

CrayP Posted - 2 days ago

$FLGT I tend to bring out the meme when the options (especially puts) are well below theoretical value. That is, I can't get much of a premium for selling $15 or $17.5 puts, which usually signals odd or unsustainable activity in the equity markets. Oddly, the damage done by piper bringing down the price target to $22 while keeping 2025 revenue estimates the same at $314.6M (up 13% ex-Covid) and raising EBITDA to $17M from $14M while the company will have $28 per share in cash make little sense. Even value traps don't trade at a 40% discount to cash when roughly b-even and turning the corner. Ming discount at all-time high and he is in need of some water torture. Strange days indeed...

Ernst_Grafenberg Posted - 3 days ago

$FLGT a spectacular fall. pretty absurd when you consider how much cash the company has and it's history of operating efficiently. the market is currently interested in a lot of sh*t companies that don't make money and will probably never be profitable

ClarityOfPurpose Posted - 3 days ago

$FLGT Of course I bought some at 16.80. And will buy more if it goes lower. And so on.

CrayP Posted - 3 days ago

$FLGT MMMMMIIIIIIIIINNNNNNGGGGGG!!!!!!

ClarityOfPurpose Posted - 3 days ago

$FLGT A private company masquerading as a public company 😉

Sexydream Posted - 3 days ago

$FLGT 15s before or after Christmas? Heck, at this rate 15s mat come by month end..

ClarityOfPurpose Posted - 3 days ago

$FLGT You have to think that Sheriff Villanueva will probably resurface again as a MAGA acolyte, either in CA or in the Trump admin. Watch out Ming;-)

ClarityOfPurpose Posted - 3 days ago

$FLGT Under normal circumstances, a corporate raider would have come in by now and either insisted on a huge stock buyback, or tried to liquidate the company and pocket the $250M+ residual amount. But the existing Board and stock ownership is packed with insiders just biding their time.

Sexydream Posted - 3 days ago

$FLGT welcome to 16s!! 15 coming before Christmas!!! Flgt, the junky stock that keeps on giving.

ClarityOfPurpose Posted - 6 days ago

$FLGT The one really good thing about their clinical stage playbook is that shorts like SexyDream can’t dilute them and make them go through reverse splits. Sitting on an $800M pile of cash makes a difference in the long run.

ClarityOfPurpose Posted - 6 days ago

$FLGT Ming doesn’t care. He has cheap or free option grants, his Trust’s forward hedge position, and his generous annual compensation. He’s the founder and a major owner and can’t be fired. Ming wins in the end.

Sexydream Posted - 6 days ago

$FLGT 16s by next week. Only fools go long this junk. Still haven't learned by now? You deserve to lose money on this.

theshortsqueezer2022 Posted - 6 days ago

$FLGT drop it to 1$ like $WGS then I’ll buy

ClarityOfPurpose Posted - 6 days ago

$FLGT Paul really wants to buy back more shares - but Ming won’t let him:)

ClarityOfPurpose Posted - 6 days ago

$FLGT Had to buy some here. Just too cheap.

ijod Posted - 1 week ago

$FLGT what ever happened to that CA sheriff?

ClarityOfPurpose Posted - 1 week ago

$FLGT Ming’s Trust kept laddering down and taking more upfront cash as a hedge against a declining stock price. Legal, slick, but ethically dubious imo.

ClarityOfPurpose Posted - 1 week ago

$FLGT Sorry - this is the middle Agreement from June 2022. Done conveniently before rolling the Pharma group back in. https://ir.fulgentgenetics.com/static-files/78d8bd30-c7ee-4dc8-a0a6-5fce8283ee9d

ClarityOfPurpose Posted - 1 week ago

$FLGT And here is the lucrative early Trust agreement from Sep 2021. I wonder if that banker still has a job😉 https://www.sec.gov/Archives/edgar/data/1302110/000120919121055768/xslF345X03/doc4.xml

ClarityOfPurpose Posted - 1 week ago

$FLGT An earlier one: https://ir.fulgentgenetics.com/static-files/2c4d619f-eb23-4035-a898-37081a89377e

ClarityOfPurpose Posted - 1 week ago

$FLGT Read this closely and you will see why CEO Ming is avoiding implementing the significant share buyback. His Trust’s hedge: https://ir.fulgentgenetics.com/static-files/2c4d619f-eb23-4035-a898-37081a89377e

Sexydream Posted - 1 week ago

$FLGT and just like that I made all the money I lost back by shorting this junk again. Lower lows lower highs. Will settle around 16 for now. 5 year target = 0.

ClarityOfPurpose Posted - 1 week ago

$FLGT At least it’s not ‘23andMe’.

Sexydream Posted - 1 week ago

$FLGT sorry been super bz. I sold all my positions for a small loss a few days ago. Glad I did. I maintain my opinion. This stock will do nothing for many years. It'll slowly erode away all the cash it has and over the next 5-10 yrs it'll go to 0. My advice is to short when it goes to 22-23 and cover at 18-19. Rinse and repeat. You will make a lot of money as I have done in the last 2 years.

ClarityOfPurpose Posted - 1 week ago

$FLGT Nice bounce back!