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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by TraderBenon Jan 25, 2017 1:00pm
79 Views
Post# 25753608

RE:RE:RE:RE:RE:RE:Holding great less than week for shorts to cover 15% float

RE:RE:RE:RE:RE:RE:Holding great less than week for shorts to cover 15% float Maybe if you know how much cash they have then you should advise Oberman so that he can issue guidance as they pulled all their financial forecasts in the last earnings call, LOL.  

Oberman is supposed to save Concordia?   Oh that is so sad.

 

Former Sagent CEO Allan Oberman has taken the helm at Concorida.

The situation is nothing like Oberman's tenure at Teva or Sagent.

Oberman has never demonstrated the skillset Concordia needs.

The stock is going to zero, and Oberman will not salvage much.

In mid-November, generics veteran Allan Oberman took over as CEO of Concordia (NASDAQ:CXRX). The much-maligned healthcare company continues to see tremendous pressure in its core North American business, driven primarily by the fact that the company paid too much for inflated generic products that are seeing competition enter the market.

In reviewing Oberman's career, you find some impressive surface credentials: CEO of Teva Americas Generics (NYSE:TEVA), CEO of Teva Canada, and COO of Teva International. After Teva, Oberman took the helm of niche generic injectable maker Sagent (NASDAQ:SGNT), which he sold to Japan's largest generic company, Nichi-Iko. His experience at Sagent is exactly why I believe he was brought into Concordia - he likely owns an impressive rolodex of key players in the generics industry from executing a sale process at Sagent, and I think the belief is that he'll be able to salvage something at Concordia.

However, his performance at Sagent was not particularly impressive. Sagent was acquired for a significant premium to its trading price at the time - but that was a price 11.5% lower than when Oberman became CEO.

Source: Google Finance

Further, I believe it is unwise to extrapolate Oberman's experience at Sagent or Teva to the task at hand in turning around Concordia. Teva was a broad-based generics company focused on first-to-file opportunities (becoming the first approved generic product and earning 6 months of exclusivity and thus fantastic market share/profits), leveraging Teva's robust commercial relationships, and steering one of the finest generic companies in the world.

 
 
 

ROUGETRADER719 wrote: Well so be it dont you lose sleep over my choice ..I mean your probally tossing and turning since OBERMEN so dont lose anymore sleep than you have over my trading we all win some lose some ..RISK REWARD ..WE all know 450 million cash on hand OBERMEN at helm risk is way down reward is up ..

GLTA




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