Post by
Roller007 on Jul 17, 2016 12:16pm
Narrative < facts.
Narrative is for writers and those who want to convince. I will leave the narrative to cohodes and his complex hired network of writers/bloggers/reporters/lattice. Check the post by curiousbuild few days back to fully understand how these leeches work. The facts here are simple, the debt is high but manageable and Brexit has an slight negative effect, besides that all the other issues thrown at Cxr has not been able to stick, and are therefore just stories. For example: fradulant accounting, non GAAP bull, ceo sold shares under fictitious accounts, ceo fled to Argentina, donnatel will be banned, amco number one drug is in trouble, bond holders will call a default, no one will buy Cxr, or pe firms saw the books and ran, blah blah blah. I will wait to hear from Cxr management before I make any moves with my big position, the drama and the manipulation in the media just cannot be trusted. My believe is that if Cxr had something to hide then they would've unloaded the company, the fact that they are holding on for a fair price shown a level of conviction in the business they run. Don't believe that no offers were put forth, multiple offers were presented many of which were oportunistic. I'm still in the camp that a deal will eventually happen, but the SP needs to recover before a pe firm can justify to their shareholders the takeout price. Decent earnings and good guidance next month can propell the price to the low thirties where a takeout target in the fifties will be possible.
Comment by
OscarTheGrouch on Jul 17, 2016 12:44pm
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Comment by
Roller007 on Jul 17, 2016 12:53pm
Oscar: if you are stressing out for Lossing 4400 then sell the rest now. Selling at stop Lose of 25.1 or selling now at 27 it's really no difference. Sell and move on buddy to greener pastures.
Comment by
OscarTheGrouch on Jul 23, 2016 9:57am
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