Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, drug developer Avanir Pharmaceuticals (Nasdaq: AVNR) has received a distressing two-star ranking.

With that in mind, let's take a closer look at Avanir's business and see what CAPS investors are saying about the stock right now.

Avanir facts

Headquarters (founded) Aliso Viejo, Calif. (1988)
Market Cap $537.3 million
Industry Pharmaceuticals
Trailing-12-Month Revenue $24.5 million
Management CEO Keith Katkin
Principal Financial Officer Christine Ocampo
Return on Equity (average, past 3 years) (106.8%)
Cash/Debt $66.7 million / $0
Competitors Bristol-Myers Squibb
Eli Lilly

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 24% of the 256 members who have rated Avanir believe the stock will underperform the S&P 500 going forward.

Just last week, one of those bears, All-Star BlacknGold, touched on the stock's seemingly unsustainable price run:

This came up in a screen for stocks with the highest gains in the last 4 weeks. With a fair [book value per share] of $0.44 this company is greatly overvalued. Cash is shrinking every quarter along with shareholders' equity, which stands at only $60 million as of 1Q12. Should be an easy red-thumb target.

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Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.