I Was Right HA HA HA! where are the shorts that said concordia is going to fail and that Valent is the new black? well they sure as hell saw alot of red today, thats for sure. One sort the other day suggested that one should dump all of their concordia shares and buy up as much of valent before the quarterly earnings, and well that was a bust wasn't it. I looked through their prospects and financials and warned everyone thoroughly to not buy it. you are 100% trashing your portfolio with an overvalued over hyped up stock is what most shorts ultimately end up doing, greed often catches up quickly to those most prone to its clutches. I predict that Valent is in the same position concordia was about a year ago, down from its hundred dollar price point and in the gutter. Concordia looks to have stabilized and i think after our final price hit after the british regulations, we can expect a $10 price target around 2018 (or before that if the quarterly earnings are good) and beyond that through 2018 and onward. The fact the concordia has enough pure cash to pay off some of its debts and manage its companes while leveraging debt to fund reseach is a great thing. I'm also happy that this company doesn't waste any money on dividents and instead reinvests into paying off debts and funding operations.
I hate to be blunt but analysts are just really stupid. These people ranted and raved about how valeant was a "great buy" and "going to go upwards" and now today many of the same publications are suggesting that valeant is in major trouble and are urging people to sell sell sell. you can mention bond sales about concordia signaling a possible bankruptcy all you want, but take into consideration that much of this panic and pressure is coming from the hype for its failure from the press. they look and the numbers and not at the value of the company, its excutive team, its liquidity and brands. Hope the weak kneed investors who sold concordia and bought valeant don't sell too many of their massage chairs and tvs at their next garage sale.