NEXT SUPPORT LEVEL
I just called MT, this is what he said : For fiscal 2016, Concordia reaffirms guidance as follows: Revenues of $1,020 to $1,060 million.Approximately 60 per cent of revenues to be generated outside the United States. U.S. government payors to account for less than 10 per cent of overall revenue. Adjusted EBITDA2 of $610 million to $640 million. Adjusted net income2 of $330 million to $355 million; adjusted EPS2,4 of $6.29 to $6.77. Cash interest expense rate at approximately 6.95 per cent (excluding original issue discount). Cash tax rate between 9 per cent and 10 per cent. Year-end Net Debt/EBITDA2 of 5.5x or below. Year-end cash on hand of approximately $130 million. Undrawn revolving credit facility of $200 million at the end of 2016. As previously announced, 2016 guidance assumes that the gross profit targets for the 144 million (approximately $220 million as at time of announcement; approximately $207.5 million as at time of closing) earn-out payment (earn-out) to the sellers of AMCo have been fully met, and that the entire payment has been financed from the Companys 2016 operating cash flow.