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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by TOMMY1on Nov 11, 2016 12:41pm
274 Views
Post# 25450291

Trade with caution

Trade with cautionI have been watching this stock more out of curiosity and it never ceases to amaze me how sentiment changes even though the fundmentals that brought this stock down to 52 week lows have not changed. The bonds are indicating a different story and the company has yet to release any guidance, which, to me is a red flag. I watched the same thing happen to Performance Sports Group (PSG) from afar, (after investing with them earlier in the year for short-term gains), and there were some incredible returns in a short amount of time before going bankrupt. Just because others are buying don't jump on the bandwagon blindly - research yourself. A Trump presidency is not going to fix this company and the fact investors think the fix is immediate is mind-boggling. This is a good example of how retail investors could get burned big time.

That's my advice and for those of you who have made 50%+ on this in the past week - congratulations, you timed this perfectly - but be sure to cash in on time. I wouldn't go long in this until we see some solid quarterly results as well as revised guidance.
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