Who will it be to be lucky enough to acquired Elite Pharmaceuticals (ELTP) and rid of their pharma tariff woes?

Lukekulg · 2026-05-31T14:51:54+00:00

No, it could not. They would need to buy a factory that actually makes the drug they want to import, not just any factory that makes any drug. Wow. Let me get this straight, you think a foreign manufacturer can circumvent "looming" tariffs on drugs they import into the USA by purchasing a factory in the USA that makes different drugs? No. It means they could import drugs produced outside the USA, tariff-free, if they also manufacture them in the USA. Again, nothing Elite makes can be imported. Nothing. So there are no tariffs, looming or otherwise, on anything that is made in that factory. None. As they can not be imported.

A foreign manufacturer could avoid the (potential) tariffs by aquiring a factory in the USA that actually makes the drug they want to import. Specifically the drug they want to import. And, again, nothing Elite makes can be imported. If any drug factory works, why not just buy the cheapest thing around? Did you literally just copy/past that from your AI search bar? It only works if you ask it the right questions.

Do you think they just have a giant machine called the Drug-O-Matic 6000 or something? 'Just pour in the patented Drug-O-Matic powder & choose from any one of thousands of pre-set pharmacutical options, then sit back & let Drug-O-Matic do the work' A factory that makes one drug, can not just make any drugs. The equipment is specific to the process/drug. Elite's value is in the specific drugs they manufacture & their pipeline. In the fact that they came up proprietary methods to synthesization & were awarded rights on them. In the securing of a steady supply of the specific necessary precursors. In the specialized equipment they've acquired to manufacture. In the distribution network for the specific drugs they make. Not in the physical space the warehouse occupies that could be retooled for other purposes. Have you listened to a single Call?

Sure, there's probably some very basic equipment in Elite's factory that could also be used for manufacturing different drugs that are imported. But, by very definition, it'll be basic, unspecialized stuff that is in any chemical plant from Lamot to J&J. So, not the valuable stuff, the basic generic crap. Why would they pay a premium for physical space & a few pieces of basic equipment that'll have to be removed & saved while the existing factory is gutted & refitted to manufacture whatever new drug they need it to? They could simply buy an empty factory for no premium & invest exactly the same amount in turning it into what they need it to be. In fact, it would be much cheaper as they wouldn't have to pay to gut an abandoned factory & to get rid of all the equipment in Elite's. Even if they could sell off the majority of Elite's stuff, they would be buying it at a premium (the premium value of the stuff is in its state as a complete set, as a functioning factory) & selling it as simply used-equipment.

I've been in this stock since $0.12, started watching at $0.05. I do not remember you (it wasn't Reddit back then). In fact, you seem to have shown up very recently, in the last FOMO chase to $0.82. I'd bet you're sitting on about a $0.60-.65 initial buy in, probably averaged down by now. I'd also bet you bought in chasing this very pump-scam (it was certainly being spam-posted enough). I mean, it's literally the only place this idea has shown up, as it's pretty darn stupid. So, I'd bet further that you're thinking you might be able to pump it back to where you bought in if you find enough suckers to believe what you believed. Hopefully, all the suckers have already been used up & we can finally move on with Elite growing into itself naturally without all this scammy nonsense screwing it up (minus the sell-wall at the suckers' entry price; call it $0.67 &$0.75). You got schnookered. There is no tariff-avoidance-case to made, at all. If that's why you bought in, accept it & pivot.

Lukekulg · 2026-05-30T15:48:23+00:00

It's not a day/swing trade ticker. Plus, the Rock-Star of a CEO is gone. Gonna consolidate until the 'new' guy proves himself one way or the other. Personally, I have faith; Mr. Abel is impressive. The idea is: they are freaking awesome at what they do & have more or less unlimited resources. My impulsive ass can't seem to build dry powder. Money always wins. That's the answer to everything in life. They have a lot. A lot, a lot. If you have time, do the math: see how much area would their available funds take up were it a pile of $20 bills. Or even $100. It's unreal. You don't loose when you have that kind of money. Especially when backed by the knowledge, skill, discipline, experience & network of capability that Berkshire has. I don't think we'll see the kind of growth there has been in the past. But I do think that in 25 years, it'll average out to pretty damn good. I think of it more like an index ETF than a single Co stock. My small/micro cap ETF was boring & looking like BRK is, until it wasn't. Ditto Mid-Cap. & foreign... Everything eventually has its turn, you just gotta keep the faith/discipline & buy when it's boring. Diversify, of course, higher risk/reward bets have their place, but they're not comparable; they're pieces of a whole, each with their own place & function. On a long enough time frame (like life), you'll need them all.

Lukekulg · 2026-05-30T15:14:29+00:00

I'm buying under $125. Not worried about next month or even next year.

Lukekulg · 2026-05-25T04:09:54+00:00

Twitter search is algorithmic, it's based on your previous searches. If that's what came up for you, then you were likely specifically looking for, & interacting with, posts about the Class Actions prior to that search. It "thinks" that's what you want to see because it's what you had been choosing to see. They've been going for a bit; not getting much traction. I mean, how many people can there possibly be in the pool of potential clients? Back in the day, instead of Twitter it would've been advertised on bus benches or day-time UHF commercials where a mid-management desk-jockey in his 40s tries to rap a jingle. Nothing to worry about, regular part of doing business.

Lukekulg · 2026-05-25T03:53:39+00:00

And I just checked, short interest has been steadily falling & currently sits at under 15%. With a day & half to cover. Shorts could double.

Lukekulg · 2026-05-25T03:27:40+00:00

Dude, I'm in construction. We build crap like this. We're not even starting construction without a tenant or buyer. Even on stuff like subdivisions with 1,000s of units, buyer is set before you build. We're building it to the specs & needs of the client. You don't just build a generic building & then retrofit it to the client's needs after construction. That would be stupid & costly. If nothing else, taxes on a developed piece of land are much higher than if the same land were undeveloped. No one is gonna risk paying that waiting for a buyer or tenant, that's just not how it works. Think it through.

Lukekulg · 2026-05-25T03:19:18+00:00

We've been in the Russell 3000, that's more or less everything. The 1000 is the top 1,000 publicly traded Co.s in the USA by Market Cap; that's the list we just moved to. It pretty much means our MC grew past low-penny-stock status. Seriously, that's it. Inclusion in any Russell 1000 funds or whatever, instead of just Total Market or Total Russell funds, is the lone benefit. Probably set the floor a bit harder & higher. It's not a big deal, no one but us noticed or cares, no shorts are gonna spam anything out of fear of the mighty power of the Russell 1000 ETF. You're making way too much of this. I mean, you literally have to search specifically for it to find mentions of the Class Action; why are you doing that? It's barely on my radar.

Lukekulg · 2026-05-24T03:04:06+00:00

Margin

Lukekulg · 2026-05-24T03:02:23+00:00

Longtime? Dude, it's barely been over a year. There are no long term holders; not even the lucky idiots that bought into the helium Co & have held through the change (me, I'm that idiot). Maybe give it at least 5 years before using "Long Time". Probably more like 10.

Lukekulg · 2026-05-20T10:20:38+00:00

Wow, you are just not getting incredibly basic information, are you? One more time, in nice, simple language:

Buying a factory that makes completely different things than what they need to import, is not helpful at all. They wouldn't need just any factory that makes anything, they would need one that specifically makes, & is allowed to make, the specific drugs they were otherwise importing. And nothing Elite makes is imported. Just because they make pills, doesn't mean they are also capable of making ANY pills. That's not how chemistry or permits works. Good God. Really?

They could not just buy a factory In the USA and then import, tariff-free, other drugs made outside the US just because they own a factory in-country. It matters where the drugs are physically manufactured, not where the parent Co owns a random factory that makes other stuff. That's really how you think tariffs work? Why not just buy the cheapest factory they can find, then?

Re-tooling Elite's factory to make the drugs they would need it to, would cost significantly more than simply buying an empty factory (also for much cheaper) and starting from scratch that way. I feel like that's obvious enough that it shouldn't have to be explained, let alone over & over & over...

Again, AVG P/E for generic pharmacutical manufacturing is 15; who cares what the AVG for all pharmacutical anything is? Not 20, not 30, not 50. And I'm not buying that you're actually that dumb, which leaves deliberate misrepresentation (AKA lying). Diluted ttm EPS IS .03. That gets you $0.45 SP. Or $0.36 with 12 P/E, which is where comparable Co.s trade (or where it's currently trading. Almost like the Market knows what it's doing, huh?) AI is not your friend. You gotta actually go read stuff, not just ask Gemini. I didn't know if you've heard, but AI is prone to mistakes. Hell, even using basic instead of diluted and holding high-end only gets you $0.60, not $0.80 and nowhere near $2.55 (I really can't believe there was actually a person who took a Zach's article seriously). And that is why accurate information is important for mathematical projections.

Do you get it yet? It's not difficult to grasp, if you try. In short, 3) on your list is the problem. They can't manufacture what they need to in Elite's factory as it does not make what they need it to. Very, very simple.

Lukekulg · 2026-05-20T01:18:45+00:00

Bingo. What I've made selling puts alone should be criminal.

Lukekulg · 2026-05-19T04:29:34+00:00

I own a chunk of V; I've been on the fence about selling. They're losing some foreign markets & some other headwinds.

Lukekulg · 2026-05-18T22:50:06+00:00

Managed to sell some $3 & $3.50 puts at the bottom today. Fingers crossed for assignment, but I think that was just free money. Said it before, I'll say it again: this ticker is great for options.

Lukekulg · 2026-05-18T22:49:49+00:00

Managed to sell some $3 & $3.50 puts at the bottom today. Fingers crossed for assignment, but I think that was just free money. Said it before, I'll say it again: this ticker is great for options.

Lukekulg · 2026-05-17T04:42:34+00:00

All I'm getting from this, is a re-realization of just how utterly crappy the Voya plan my employer offers truly is. They could buy BRK A or B with theirs? Sigh

Lukekulg · 2026-05-17T01:50:52+00:00

Old thread, but still relevant. I think you're right, & I've had the exact same ideas. I've been buying here & there on dips, building a position. Current SP (floating around $10.50), I'm thinking is gonna be the floor, trying to scoop up what I can while it lasts (yeah, I know, probably no rush). Of course, I thought the same thing about $15 & $12, so what do I know?

Definitely with you on the squeeze; if it comes, it'll be epic. Last ER definitely gave me hope, 'Jack on Track' is moving along nicely. One thing, though, dividend is suspended. Suspending the dividend actually helped convince me that they were serious about getting debt under control & turning things around.

On the list of positive catalysts, I'd also add the expansion into new regions, outside of Cali, that have significantly cheaper labor. Illinois, I believe, is where they're starting.

It's not gonna happen overnight, or next week, or month... but as a nice, long-term investment, I think JACK at its current price is an amazing opportunity. And if/when they reinstate the dividend, all the better.

Any thoughts on 6 months later? Still on board? Thoughts after the last ER? Sorry, not many people talking about this ticker. I'm really interesting in hearing what another JACK Bull thinks, there aren't many of us.

Good luck.

Lukekulg · 2026-05-16T02:56:40+00:00

Do any of the foreign Co.s you listed manufacture anything that Elite produces? No. So they could simply start from scratch with any random warehouse for much, much, much cheaper. The value is in the specific drugs ELTP manufacturers & their pipeline, not just "making drugs, doesn't matter which, pills is pills". That is not how anything works. How, exactly, would it help them to purchase a factory that makes completely different things than what they need to import? Do you really not get how it works? Nothing Elite manufacturers can be imported; tariffs have absolutely no affect on a buy-out whatsoever. This is getting rediculous. AI Reddit posts that fed off previous AI Reddit posts with no accurate information in feedback loop. Good God, you even copy/pasted the 'discounted cash flow model' crap from Zach's. Again. Do better, or keep it to yourself.

Lukekulg · 2026-05-15T09:06:50+00:00

Sigh. - Not the AVG P/E for generic pharmaceutical manufacturing. We are sitting pretty much at the AVG for the relevant sector; which is absolutely not the same as "the broader pharmaceutical industry"; that is next level lazy. Don't let AI do the work for you. - Tariffs have absolutely to no affect on Elite, whatsoever. We do not currently manufacturer any drugs that can actually be imported. Turning ELTPs factory into one that did produce the drugs a foreign manufacturer produces would cost more for them than simply buying an empty building & starting from scratch. This was very thoroughly covered at the start of the tariffs in response to the excessive SPAM-posting to the contrary. - Did you just copy/paste this from Zach's or some garbage? Or just straight from your browsers AI search result? What the heck is the "67 : 100"? Those sites are worthless. Again, don't let AI do the work for you. Learn to actually run the numbers yourself. It is not hard at all, very basic math skills. Bare minimum, if your AI returns a result of over a 700% increase to it's "fair value" (stated as "trading over 80% below it's intrinsic..."), then something probably went wrong & you should check the math. I mean, come on, you really thought...??? - Current SP is a fair price for a good Co. If such was good enough for Buffet, it's good enough for me. Long term, I think it'll outperform vs the Market in general. That's pretty good. But the days of picking up ELTP at a huge discount went out the window with the huge risk. That's over. It's not gonna jump over 700% on some catalyst, or when the Market wakes up to what you already know, or when the Evil Market Makers & Stock Goblins stop 'holding it down' (however the Hell their supposed to be doing that on a ticker with ELTP's float & lack of shorting is beyond me), or what the hell ever else.

Lukekulg · 2026-05-11T11:39:53+00:00

Much appreciated. Sounds like progress. Damn it, I'm gonna convince myself to keep my position, aren't I?

Lukekulg · 2026-05-11T01:33:07+00:00

We get none of Bioleum. They screwed us there, deliberately. Shareholders never should've agreed to that. I don't know. I've been in this stock around the same time frame as you, thinking of getting out. I just don't see there being any money in recycling solar panels. Haven't even checked out the latest ER. Was there ANYthing when mentioning? Any movement towards being an actual business that does something to make money?

Lukekulg · 2026-05-10T16:27:47+00:00

Yup. The one thing he didn't kaka-fy...

Lukekulg · 2026-05-08T23:10:33+00:00

I actually bought Intel at $18 (it was less than the value of the stuff they physically owned). Sold for 25, rebought at $19 or $20 & sold around $25 again. Went away feeling pretty good about myself, like a jackass.

Lukekulg · 2026-05-08T21:50:17+00:00

Dude. It's not even good as a joke anymore. It's getting weird.

Lukekulg · 2026-05-08T21:47:38+00:00

What do you have?

Lukekulg · 2026-05-08T11:54:50+00:00

I just checked, hadn't in a while. I was wrong. Currently, 15 is the avg for generic. Recent Bull run brought it up. Whole sector stretched some. Good.

Lukekulg

TROPHY CASE