RE:RE:RE:RE:RE:RE:Possibility for the turnaround catalyst. Do you know why Rbc is predicting they'll draw down on the revolver and you still have them flush with cash? ........I do
Spend a little more time on DD and a little less on lashing out, you just might figure it out.
Lumberfeverlong wrote: Whatever old man. You wouldn't be spending so much time on this board if you didn't think you could influence the market.
Craigbad wrote: I near fell off my chair Lumber! The fact that you think 2 people posting publicly available information on a bullboard a handfull of people read has made major bank analysts cautious and is causing them to continuously revise down target prices is priceless. When i posted management would have to guide down before last earnings, I probably made MT nervous and caused that too? I believe it was you who claimed to be a securities lawyer and argued that they couldn't hold back that information as they did in two press releases just before earnings because it would be a violation. Now your here defending them. The denial and finger pointing is unbelievable. They wrote off over a half BILLION in assets they just overpaid and overleveraged for....think that people may have lost faith in management? Nahhhhh......probably nothing to do with the long squeeze i warned about when debt to ebitda rose to 6.4 making it impossible for most managers to touch it and forcing most to dump it either. All just short and distort eh! Happy trading!
Lumberfeverlong wrote: Craigbad aka select 1011 as rechristened I'm sure, you and lattice do nothing out of the goodness of your hearts. You are sociopath swines. The unwarranted free fall in the sp is making everyone covering this cautious thanks to your continuous short and distort campaign. I have already provided this board with a year-end cash balance assuming mid point of guidance and full repayment of cinven earn out. Guess what, the company should end the year with $70M of cash on hand and an undrawn $200M revolver. Thereafter, the company will generate approximately $240M of excess cash annually assuming no growth. For that to disappear every risk you clowns identified would have to materialize in a serious way. For all the clowns here who think a company going bankrupt means a declining share price, please learn how to read financial statements. There is no doubt MT should be replaced, but I take comfort in the fact that the company has a seasoned CFO in place with a history of growing Pharma businesses. At the end of the day, this company sells drugs that people need to get better, but is trading as if it were an oil play in the oils sands when oil was trading at $30. This is the biggest market disconnect I have ever seen. It will correct either by the company announcing a couple of good quarters or by it being taken out. This nonsense cannot last much longer.
quote=Craigbad]You should let Rbc know. Lattice was nice enough to post this excert from Rbc's downgrade today.
We anticipate that Concordia may draw on its revolver in order to pay a portion of its contingent consideration, but we do not believe management will draw more than 30% of the $200MM. We believe investors could react negatively to a revolver drawdown that approaches the 30% threshold." Even RBC doesn't think they make all the earnout in October and will defer 50% to give them four more months to burn the fire.
patenright11 wrote: cash as june 30 exceeds the payment so all this they might defer 50% is fn BS
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