RE:when there is fear and blood on the street you buy....Most of the companies you mention are commodity related and that theory works for buying solid companies during a commodity crisis. This is a company in crisis with a bad balance sheet, not tied to a commodity cycle. Have you actually worked out the math to see how long it will take for Cxr to get debt to ebitda under 5 to even get any buying interest from funds?
By the way i think Buffet coined that blood in the streets phrase. His man called Valeant a sewer and i doubt he would have a much higher opinion of Cxr.
fundtrader wrote: History has proven this now and again....
2008, teck, encana, silverwheaton, barrick, Fcx, Chesapeke, bAC, what not...patience is the key...