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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by TraderBenon Nov 28, 2016 9:13am
214 Views
Post# 25520827

US Markets

US Markets Seem to be going to the moon  This is the first day that we may see a pause in the markets and use it as an opportunity to buy something that has a hope in recovery. The bond market is saying that this company is in dire need of Chapter 11 restructuring and the banks will have a fight between themselves - common shareholders will be screwed.   It is beyond me why anyone  wants to try trading in a company where bankruptcy is even being debated.  Even if you believe they aren't going bankrupt anytime soon get into something where you at least have confidence that the company can service the debt they have.  Withdrawing guidance and not providing forward guidance on their last earnings call was when the writing was on the wall that this company is seriously f****ed
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