RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Takeover/Way UndervaluedLattice, I've been following this board since the SP was in the $40's in March. Are you still just as confident at these levels as you were then that the SP will tank again significantly from here?
LaticelnExile wrote: Hockeyz, Buy shares then if you think the sell-off is overdone. I think this is the best Canadian short there is. If the business was running on all cylinders, then you should ask youself why Concordia was trying so hard to sell itself in April, and PE was leaving the data room without any bids. I am quite confident when I say that the CEO used a financial instrument to hedge his shares as a backdoor out of the stock. Not analagous to Martha Stewart's insider trading, but a perfect parallel to when Michael Pearson had a margin call out of Valeant stock at $70. Thomspon even changed ownership of his shares in early February to a limited numbered company and registered it in the Cayman Islands to avoid crystallizing a capital gain on the share sale. I think that when the financial institution is revealed who held his debt, the players will be exposed here and this will become clear to you and Lumberferverlong. So we disagree, my best of luck to you.
Hockeyz wrote: Lati: I am not really concerned about amortization, mainly concerned with the cash items like EBITDA, debt and interest. Not sure where you get pay off debt at 8% of 3.2 + contingent pay. The 8.5% is my assumed interest on the debt, which is probably high. If a purchaser can pay down the debt with little penalty, it may be worth doing. If there is a big penalty, then no pay down. Period. When you say that you would have moved heaven and earth to not sell your shares, that would be insider trading (ie. Martha Stewart jailtime) as the strategic review is still on-going. That is why everythig was in place prior to the review and the Pres. never would have thought in his lifetime that the sale would have been triggered at those levels. I am just saying that this sell-off seems way overdone, but it is hard to catch a falling knife.