RE:RE:A Balanced View of Concordia's Valueadamchess wrote: Company guidance is adjusted net income of $330 million to $355 million - should that not be at least equal to cash flow? If so, it makes significant difference to fair value from what you say. I think more like $65 USD plus bonus for future growth projections. GLTA longs
Cash Flow would be less than adjusted earnings because interest payments affect cash. Concordia excludes interest from adjusted earnings which is very misleading when they have $3.3 billion in debt.