Anika Therapeutics, Inc. (NASDAQ:ANIK)

CAPS Rating: 3 out of 5

The Company develops, manufactures and commercializes therapeutic products for tissue protection, healing and repair.


Player Avatar depletemycapital (< 20) Submitted: 3/9/2012 5:01:14 PM : Outperform Start Price: $11.90 ANIK Score: +173.72

okay 1 year later, now year # 5 of my original purchase of ANIK. I finally believe this company has turned the corner. The beating for the stock not staying above $12 was due to the FDA not wanting to give them quick track approval for Monovisc. This is a single injection viscosupplement. It's alreadry approved & sold widely in Europe. Now, the FDA has all of a sudden slowed the process down, that's for all companies. But Anik is seeking the help of J&J, whose subsidiary Depuy Mitek markets orthovisc ( 3 injections) to help with FDA approval. But the critical point is that management got rid of all the useless agendas of elevess ( or whatever it's called now) & focused on it's core product. Their market share stands @ 14% & growing. Secondly, the Anika s.r.l, their italian subsidiary has turned the corner & is beginning to contribute, profitably. They had the highest of earnings, revenue, this years, sans shennanigans. We may be looking at a company that hits 75 million + in revenue this year & begin to get noticed by the bigger boys.Chuck royce & associates own this also. So, though I may not be adding anymore, I'd like to retract my harsher comments from earlier last year. I didn't think management would stop doodling around & simply focus on core growth & the rest would follow. But they got it. They finally got it. I hope they continue. While they work on Monovisc, they are doing clinical studies with cingal, which if it works out will be stellar. I wasn't expecting cost controls, Ankia s.r.l to work out in such fashion. Suffice to say, doubling your eps, sans shennanigans, is a masterful work. Wow, this company may yet turn into a diamond in the rough that I thought it would be 5 years ago. Only problem, any delays or notifications of delay from FDA crushes the stock, even though it has absolutely no issue from a revenue/ cash flow/ eps metric. So, i gently recant all the stuff I said earlier. i've convinced myself that Anik is a 20-30 dollar stock 3-5 years from now!!!

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