Concordia Healthcare Corp. T.CXR.R

RBC Target - new comments this afternoon

[puma1]

RBC have issued their comments post Brexit -  in the shortest terms, they calculate a pretty minor drop in the 2016 and 2017 Adjusted EPS

2016 - drops $10 million or 16 cents a share diluted

2017 - drops $20 million or about 30 cents a share.

they have a very detailed matrix on FX impact and do a great analysis but the main fact for the limited hit is the natural hedging and the large mix of non-GBP derived income etc

they do however drop their multiple for the stock to 8 times from 9 times  the multiple drop is just a reflection of the increased risk overall given brexit

so the target price drops to $US40 - a 50% ROI from here which is pretty compelling


hope this helps those who want independant comments about the Brexit hit

[CxrBull]

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[Craigbad]

I believe Rbc was involved in the financing of Cxr, so i expect they are being kind. As i said this morning, we are likely going to be hit with a slew of downgrades and will likely get a few holds or sells. Unless a buyout is announced very soon, this is going to get a whole lot messier. 

[puma1]

crxbullsh!tter - you haven't seen any other reports because you don't follow or post about any other stocks - anyone following the threads knows you short & distort jerks have no value added with your dribble AND they maintain a sector outperform and the Target of US$40 is still a double you twit

[Lattice]

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