(LXRX) Lexicon Pharmaceuticals, Inc. What is with all the hype??
Recently topsecret10 brought to my attention a skeptical play called Lexicon Pharmaceuticals, Inc. (LXRX). I noticed that it burn through cash and doesn't really make a profit. It recently also had a second of many public offerings for stock in the amount of 110 Million Dollars. The Woodlands, Texas based company has also been rummored to be a take over target. However, I cannot imagine who would want to buy all this debt?
As quoted from topsecret10 "Look up INVUS CORP. They are a primary backer of Lexicon,and they will be buying more shares just like last time..... TS" I have looked this corparation up and he is correct in what they have been doing. But what i do not get is that www.fool.com have Lexicon Pharm rated as a 5 star ***** and yet you can no longer add it to your caps.
So if anyone can answer this please do.
Why can I not add it to my cap and why is it still a 5 star rating if you cannot add it to your caps? Also, why so much hype around a 5 ***** star rating if the fool.com doesn't believe in it any longer? Or is that just a perception of mine and I just missed something. Now I did buy Lexicon Pharm (Only 75 shares and 100 shares for my Dad's IRA) But that is about all the risk I want to take. So companies like (GNVC) Genvec, who also burn thorugh money and (LXRX) Lexicon Phram seem to be a good thing ?? Or is it that I am just nuts. Genvec trades way too high for its valuation and yet people seem to keep bidding it higher. LXRX according to topsecret10's statement do a sort of swing trade even though it has no real cash. Do not get me wrong I like risk and I love the underdog. But would soeone please explain to me what all the hype is about as far as LXRX goes, because I do think I am missing something. Also, why is it that (PFE)Pfiezer cannot get any legs under it? I don't know maybe its just me and I am missing the point.