RE:Can you educate me on bondsdaveinmiss wrote: How was CXR able to sell something like $335 million (just my recollection) just 3 or 4 weeks which are now rated as basically 10 cents on the dollar or so? Am I missing something?
I see some good posts lately on the board by both shorts and longs which I appreciate and better than reading snide insults.
It seems like Goldman was probablylooking after themselves and had Concordia by the balls if you ask me. These are first notes so they probably just switched out of unsecured notes into a first lien position.
And to the new poster, this has nothing to do with Donald and you should quit the tease that private equity is interested over the weekend. Other posters here for the last four months every week came up with a deal that is being made on the weekend. Unless you have first hand knowledge of who is interested and what they could possibly be interested in (and why buy off-patent declining volume drugs that have increasing comopetitors. It is not government regulations that is obliterating their sales according to the last conference call it is COMPETITION.