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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by CookieMonsteron May 30, 2016 5:29pm
178 Views
Post# 24917216

RE:RE:Oversold to overbought in 2 weeks

RE:RE:Oversold to overbought in 2 weeksAgreed, but 15x P/E is far too aggressive.  Focus on Ev/ebitda.  Fair value is $55 to $65 U.S. On 2016 numbers.  That grows to $65 to $79 U.S. On 2017 numbers.  That's 10-11x.  Analysts are using lower multiples because the sector is depressed.  10x seems very reasonable given the strong free cash flow nature of the business.  Debt concerns are overstated.
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