West Coast Asset Mgmt Present Its 50% Upside Idea--Noven Pharmaceuticals (NOVN)
Noven Pharmaceuticals (Nasdaq: NOVN) has 85M in net cash, 10 million in real estate, management has a proven track record. Also, Noven Pharmaceuticals recently announced a $25 million buyback.
West Coast believes Noven Pharmaceuticals should move 50% higher. Noven has a low enterprise value and looks ripe for an investment.
(Reporting From Value Investing Congress)
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