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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by marcroberton Aug 02, 2016 11:54am
125 Views
Post# 25102630

DONT FORGET THE VRX SYMPATHY TRADE - HEDGE FUNDS

DONT FORGET THE VRX SYMPATHY TRADE - HEDGE FUNDS Basically this is trading as if bankruptcy coming. Fund managers may be hesitant because they see the uncertainty and will not buy due to uncertainty over pharma and may be scared about company specific issues yet to be disclosed. Clearly the vrx effect continues­... 

With current developments: headline headwinds for pharma, US election uncertainty, speculation about something fishy, VRX sympathy moves... and debt load, this is ripe for shorts...

 

Also, debt holders would have jacked up their shorts for hedging. Looks like a bargain here again
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