RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Takeover/Way UndervaluedHockeyz wrote: https://seekingalpha.com/article/3999508-concordia-q2-review-series-misfortunes-mismanagement?li_source=LI&li_medium=liftigniter-widget
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This article that you posted is from a LONG?
Are you kidding me?
This sounds like Q3 will be a bigger disaster.
For investors who have lost confidence in this management and stock, Q3 will very likely be ugly. North American segment will post worst numbers, and more write-down is likely to happen. Concordia has been mismanaged and is saddled with debt, only performance can save it from here. Investors are frustrated with the performance and short sellers have succeeded in this case. Management need to redeem itself by realign all aspects of the business towards deleveraging and operational results. I would not recommend investors buying this name purely due to its cheap valuation.
Disclosure: I am/we are long CXRX.