Concordia Healthcare Corp. T.CXR.R

Not a bad price

[icecube]

to buy.

Reduced some O&G stocks to buy CXR.

[healthstock1234]

Do you think the bottom is $46.27?

[HotEleonora]

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[icecube]

That's the wonderful thing about statistics; you can use them say anything that you want. On the other hand, if you were to take the $47 price and go back to the beginning of 2014 CXR has gone up about $0.075 per day. So if we were to rely on historical performance (which, by itself, I wouldn't) the stock would be projected to go up about $27 over the next 12 months. Aren't

[icecube]

From a trading perspective, I like how the price has performed after taking out the Sept 29th low, rallied back above it and is now consolidating a bit. From a long-term value point-of-view it fits in nicely for the higher risk health care portion of my portfolio which has been light in that sector.The bottom? Maybe, maybe not, but I don't mind holding this company long-term.