RE:RE:RE:CXR vs. VRX I don't think MT has lost all credibility, although I don't like him, but he clearly lacks some at least in the space of transparency and being fortright. He's always been very vague and I don't recall a single time where he talked of some aspect of the company in depth.
Valeant is doing better because they changed the CEO and actually are switching their business strategy and they are very public about it. Their numbers are awful but at least, if not for real, they do a good job of making it appear as ''not that bad''.
CXR on the other hand has never really denied that they operate like ex-Philidor Valeant because their business strategy IS similar, like it or not. The one time MT said they weren't the same, he was directly contradicting himself from a prior comment on the matter. The market, and the shorts, clearly have priced this in. Nobody cares right now if they're dirty or not, nobody likes the model because it's flawed.
To me the strategic review was simply about the management guarding themselves against questions. They didn't need shareholder approval to get it going and now it's been months and by this very act, they freed themselves of answering to angry and worried shareholders under the legal pretext that they can't talk about that stuff while it's ongoing. It's been ongoing for ever and considering the resources of the players ''supposedly'' at the table, it should have taken a few weeks no more. Don't you think it's abnormal for such a small company ? I mean come on.
Sorry for the rant, but I think a bunch of people here are having false hopes. I wish I'm wrong and you can get back some of your losses but as I've cautioned many times, hedge for your own sake. If you don't see the purpose of it by now, you're a fool, and perhaps a soon-to-be poor fool.
GL anyway
onward1 wrote: Mustard,
CXR stock price performance tells you MT lost all credibility. No one now believes him on this never-ending "strategic review". He could have been much more effective shopping the company but now the buyers clearly have walked away (after stringing him along for too long) and even the idiotic analysts don't trust anything he says about the debt, earnings, etc.
At least Valeant has changed the CEO.