Concordia Healthcare Corp. T.CXR.R

Guidance is Still Valid-Needs to be Repeated

[Lumberfeverlong]

To all self-anointed securities lawyers on this board, if and when it becomes clear to management that a previously issued guidance  will not be met, a company has an obligation to immediately disclose that guidance will not be met. If no disclosure has been made thus far, management still believes guidance will be met. I am a securities lawyer. So stop theorizing as to whether the company will meet guidance. Management still believes the company will meet guidance otherwise a press release would have been issued to the contrary. Moreover, shortly after the Brezit vote the company disclosed their natural hedge would mitigate against the effects of a lower pound for 2016 and that the company was performing operationally as expected. If that wasn't a reaffirmation of guidance just a few weeks ago, I don't know what else would be. This is pure panic selling based on the BS manipulation by shorts. This is a golden opportunity to buy more shares. I wish I had more dry powder to do so. For those who do, you know what to do before Q2 release. It will be to late after that. GLTAL and big finger to all shorts!

PS: CIBC was the biggest buyer of shares yesterday after they casme out with negative comments about CXR.  This stock is being manipulated by every con artist out there.  Q2 release should end this madness and give the SP the boost it warranrts.

[ItsADonut]

This post has been removed in accordance with Community Policy

[Lumberfeverlong]

Guidance is valid until it is withdrawn.  If a company has information that leads it to belive that it will not meet guidance, it must disclose. No disclosure so far means guidance is still valid.  If the company has information that would indicate that they are not going to meet guidance and do not disclose, that is a securities violation.  And Yes arshole, I am a securities lawyer

[ItsADonut]

This post has been removed in accordance with Community Policy

[select1011]

This post has been removed in accordance with Community Policy

[InsiderTrader]

So then you are pumping a company that you insisted before earnings that they would meet guidance.  Sure bro, sure.

[Lumberfeverlong]

The company screwed up on disclosure. I doubt they will do that again given the impact that had on the share price and the ambulance chasers it has attracted. I still think there is value in the company that the market isn't accurately reflecting.  quote=InsiderTrader]So then you are pumping a company that you insisted before earnings that they would meet guidance.  Sure bro, sure.

[Craigbad]

Classic Lumber. As a self proclaimed security lawyer he told us all that the company would not guide down before earnings or they would be in violation of the law. Well they did, and he's still blaming shorts. Lawsuits start this week and he is still defending management, although by his own words they are guilty of violations for not disclosing facts to investors who have suffered huge losses

[Craigbad]

Just remember that the most bullish of bulls is a securities lawyer and that lawsuits start this week. Lumber has made it known that the company has commited securities violations for lack of disclosure and they will be taken to task for the losses they have caused innocent investors who suffered huge losses by trusting management. The outcome of these lawsuits could be pivotal for the company

[junior22]

As I understand it, depending on the outcome of the lawsuits, payouts to U.S. investors could sink the company. Unfortunately, since I am not aware of any similar class actions planned in Canada and I doubt there would be any money left, Canadian investors would be left out in the cold. I believe this is also what happened in the case of Nortel.

[patenright11]

This post has been removed in accordance with Community Policy

[marcrobert]

Not exactly right. Changes in guidance are not necessarily material within the meaning of securities laws. Many companies, like BCE for example, only issue guidance changes during quarterly disclosures. Guidance is just that, guidance, and it is covered under multiple disclaimers in disclosure. If revenues dropped off a cliff or key customers were lost, those events might constitue events

[Lumberfeverlong]

In the current cirumstances, any miss by CXr is materail and would be disclosed.  the SP drop in the last few weeks is factoring in a serious miss.  this stock is trading as if the company  is going out of business and yet the company generates twice as much cash flow as it needs to service its debt.  It makes absolutely no sense and you know it.  This is one of the

[CookieMonster]

If you assume guidance reduction to $570 mln. Ebitda, CXR is trading at 7.0x Ev/ebitda.  Fully discounted.  Horizon Pharma, a good proxy is now trading at 8.2x ev/ebitda.

[Craigbad]

Here is what your "intelligence" has gotten you Lumber. You used managements numbers and guided for a $50 shareprice in August. Its now 90% less than your target in weeks. You said that if the business pressures were not disclosed, they were committing securities violations. Now class actions are starting which could wipe the company off the map and you are still here with a fetish for

[LaticelnExile]

This post has been removed in accordance with Community Policy

[PROtrading]

Thank GOD!   I was really hoping there were no investors that dumb!  Can't even read material off TMX!