Concordia Healthcare Corp. T.CXR.R

Concordia Director sells 100,000 shares on Dec 29.

[argentia77]

Director Jordan Kapinsky bought 103,217 shares on October 19, 2015 for between $51.80 and $52.87 and on December 29 he sold 100,000 shares for $57.80 for a net profit of at least $500,000.  Nice Christmas bonus!  link

[argentia77]

Jordan Kupinsky's business profilehttps://www.4-traders.com/business-leaders/Jordan-Kupinsky-082WZJ-E/biography/

[argentia77]

Correction: Kupinsky bought 103,217 common shares of CXR on November 19, 2015, not October 19.  He's Concordia's Lead Independent Director. Why would he do this now and not wait a week or 2 until after Investor Day? 

[Scruggstyle]

It looks like the majority of his shareholdings are held in a family trust and a partnership. We may never know why the shares were sold. How was the original purchase financed? Just something to keep an eye on, I guess.

[ChartSchool]

Scrugg and Argentia.  After doing a search on SEDI for Kupinsky, I noticed that the 2015-11-19 of 100,000 shares was not a purchse on the public market but was an exercise of options at $3.00USD.  (Probably awarded to him from the Mercari days.)  Because he exercised these options in November, Kupinsky would have had to report a taxable employment benefit in 2015, so he would

[ChartSchool]

Oops.... That should not read "$5 million Valeant shares", but should instead read "5 million Valeant shares."   I hope I got the amount right now!  If not, I'm sure someone will correct me. Chart

[ShortAttack]

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[Azures]

What "bad news" are you referring to? Please enlighten me.

[argentia77]

Maybe this will put your mind at ease:  https://www.reddit.com/r/CXR/comments/3z57cb/insider_selling_concordia_healthcare_corp_cxr/

[notwrong]

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[ShortAttack]

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[notwrong]

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[ShortAttack]

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[notwrong]

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[Bullphighter]

Ouch

[notwrong]

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[zone1]

Not wrong... You cannot be right. You are just too funny.  I do feel sorry for you and hope you can find some peace in the new year and give others some too. Lol