RE:RE:My TakeGravedigger, I don't know why you and everyone here say I am a trader.
I am NOT a trader.
I have held CXR for mayb 18 months and are waiting for it to get its true value.
Just because I use technicals and say we must get out at so and so if we drop doesn't
make me a trader.
Other guys buy and sell "traders" but I don't even do that!
gravedigger51 wrote: fdfd,
You and I dont always agree as you are a trader and will go short or long and sell you position by the minute while I try to be a so called value investor. Time means less to me than you (with in reason). To be honest Im a little slower than most (Im not too bright) and stick to my little sand box to play in.
This can be packaged as a we turned down 58.00 cdn as we are expecting at the very least to meet and very possibly exceed estimates this year and next. We appreciate the offer from our freinds at Apollo and look forward to future discussions and opportunities. I doubt we will drop to 25. Especially with major short covering recently as i suspect has happened.
Your "big mac" analogy is a very good comparison to CXR. Lets accept the fact that CXR knew that prices were going to be raised after signing and prior to take out. Im willing to do that as I hardly believe this was a suprise. Every product they supply has a competitor as does McDonalds Big Mac. As you yourself have stated this is a very different story to Valeant.Shekelli. If you dont like the 12 dollar Big Mac buy the 4 dollar Whopper. I have a feeling (feeling not knowing as I will admit but am looking into presently) that the raising of the prices was more to bring them up to the competition pricing rather than make their produst uncompetative. Kind of like the landlord who buys a rental properties whos rents are far below market value seeing opportunity to raise after purchase (in this case prior). Even the last guy who wrote the 1400% article claimed he felt there would be no reprocussions.
A long time means something different to everybody. I am looking at Q1 of 2017 as the turning point for this stock. Another 2 quarters of good results and the US elections in the rear view mirror. To me thats not A LONG TIME. But what do I know, Im not that bright.