RE:It's "baby Valeant" timeIt is certainly looking very promising! Valeant is is demonstrating today how explosive a price rebound can be with a battered down pharma stock. I did bail today with Valeant as soon as I was back in the green at CA$34.20 with a 1.6% profit to then see it continue to skyrocket.
This is a great sign for CXR as they are unfortunately tarred with the same brush as Valeant. Friday will be an interesting day for all and the fact any negativity has already been priced into CXR, due to one of the biggest short campaigns we've ever seen, indicates to me that we can only go up from here. We know guidance will likely be lowered - a plan to pay down the debt would certainly be welcomed - happy to lose the token dividend to allow them to pay off the debt sooner.
Hopefully Mark Thompson and the team will present as well as Valeant!
Rookie89 wrote: Vrx is up 24% so time to take your profits and join "baby valeant' and double your profits again in two days ;)