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Could Dendreon Be a Buyout Candidate?

In the video below, Fool analysts David Williamson and Max Macaluso discuss drugmaker Dendreon (NASDAQOTH: DNDNQ  ) as a possible takeover target in 2013.

While hope of a buyout has diminished as Dendreon's struggles mounted, the possibility still exists. However, there is one additional hurdle that might keep big pharma away from Dendreon, which investors are not talking about.

Dendreon's run over the past four years witnessed sub-$5 share prices skyrocket to 10-bagger status before tumbling all the way back down below $5, as its revolutionary prostate cancer vaccine Provenge became a lightning rod of debate. But where does that leave investors -- other than a bit nauseous from the roller-coaster ride? David answers this question, and many more, inside our brand new premium research report on Dendreon. Inside, he details every key issue facing the company and outlines just how Dendreon intends to regain its former glory. The report also comes with a full year of analyst updates, so claim your copy of this exclusive report today by clicking here now.

Read/Post Comments (3) | Recommend This Article (4)

Comments from our Foolish Readers

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  • Report this Comment On January 24, 2013, at 6:14 AM, lebronz wrote:

    Yes, but no buyout until JP Morgan gets their 42.3 million shares Dave. The stock price has to be above the $51 conversion price (or maybe the buyout offer has to be $51 or higher, so the stock needs to be around $35) so the rest of the bond holders can convert their note to shares. Once JPM and the rest of the note holders are in dndn, then a buyout has strong potential. By that time dndn will be profitable too 😆

    Jan 2016 is 36 months or 12 quarters and that is lots of time for CEO Johnson to surprise and for some entity(s) to purposely cover the 45 million shares short due to the major surprise event.

    What do you speculate that quarterly sales trend to be over those 12 quarters?

    In 3 years, you'll be able to retire at the grand ole age of 30 yes?

    I still hope you continue the informative videos tho. Until then, you're still somewhat wavering on dndn.


  • Report this Comment On January 24, 2013, at 7:23 AM, lebronz wrote:

    Dave, check out this emea chmp timeline link

    DNDN may announce the EU chmp opinion on Feb 22 (The chmp meeting runs from Feb 18-21).

    Using the link above, begin with Jan 25, 2012 as your start date.

    210 days (7months) plus 5 months of potential clock stoppage puts a chmp opinion announcement for Provenge on




    PS; hedge fund shorts own dndns stock price and may short the positive news announcement, so don't expect fireworks. Dndn is a 3 year buy/hold until Jan 2016.

  • Report this Comment On January 25, 2013, at 5:50 PM, lebronz wrote:

    Latest short interest numbers are out today Dave. Remember, it only represents a data point in time and not what the interest was each day during the 2 week timeframe.

    So, some mega wealthy hedgefund shorted an additional 2.65 million shares between Jan 2 - Jan 15 (as of Jan 15th).

    In just 10 trading days, 2.65 million shares equates to approximately $16 million.

    *Who do you think has this kind of money?


    *When will they cover? ;o)

    *Why has short interest gone from 14 million in Aug 2011 to 47 million today (across last 16 months)?

    *What impact does shorting nearly 2 million shares per month for the last 16 months do to the stock price?

    Does this wake you up Dave? Hope so.


    Have a great weekend!


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