Concordia Healthcare Corp. T.CXR.R

Shorts Have 5 Trading Sessions to Cover

[Lumberfeverlong]

Smart shorts have already started to cover. There is only 5 days before the company releases Q2 numbers.  Recent press release suggests they will be in line with guidance meaning the dooms day scenario the shorts have been painting is not unfolding.  There will be upward pressure on the price as institutional investors start piling in and combined with greedy shorts belatedly covering, this stick is going to shoot up like a rocket. Whatever you do, do not sell your shares until this gets back to above $50 becuase it will sooner than you think.

[select1011]

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[cavinsin]

dream on select, lower guidance is not in the cards, do not cover until next Friday, you will do well f.. id...t. payed basher 

[select1011]

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[wordless]

Lower guidance is not in the cards? Please explain? When sales of $600milUSD come from the UK and the GBP is down 20%. What do you think you I'll happen to the guidance in the second have of the year? Sales guidance will be revised down. Face it. EBITDA impact will be much smaller as the costs associated with those UK sales are demo jger in GBP and other European currencies. But EBITDA

[Lucky27]

I think most of the pro shorts covered in the carnage a few days ago. Anyone seen Lattice, Latice in exile, pineapple etc the past few days?  It seems the bashers have covered and moved on.

[Beckysboss]

  No doubt,  I said that two days ago ,  Cahodes was going to use the retail shorts , the Business Insider planted story to cover.  Retail shorts will get left holding the bag into earnings.  OOOOPPPS !    Just like the retail longs,   last to buy , last to sell short.

[CNInvesting]

Becky why are you so sure they're covering ? Check back the short interest history. The 2 weeks prior to Q1 short interest increased about 30% or + 3 million shares. After what the longs were saying was a ''good Q1'' short didn't decrease, it went up ever since and is now up another 30% since May 13. 

[puma1]

that is not a change in guidance, it is a change in the FX translated results. Guidance should be benchmarked against what they set a year ago as the Sales at that time based on that FX rate. the market, as it has done, will adjust for FX which frankly could change any minute and no one agrees upon anyway. RBC is using $1.20 - Scotia are $1.33 - use what you want but keep the Sales guidance

[wordless]

We can agree to disagree. When they say that their published translated results are being lowered due to FX translation. That in my mind = lower guidance. They guide for EPS or EBITDA or Sales of XXX and they say actual results will be XXX - 1 due to FX issues. That is lowered guidance. Maybe they meet their sales targets etc. but translated financial results are what will determine their ability

[visionaryfool]

I agree with Puma1 on this. The guidance should be without external factors. We're assessing management's ability to run the business at the end of the day. If they hit their guidance and the FX is lower, thats OK because management can do what they say they can do. If however they guide down because of management related issues, then there is issues with the underlying business.

[select1011]

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[wallop13]

A downward revision or miss is not an issue from a fundamental valuation point of view at this point. FX rate changed, that's going to slow EBITDA growth this year. We have the debt hedge, but that does not effect EBITDA, that lowers debt. The current price is way out of whack with fundamentals. A 5% revision to EBITDA will not change that. The company is better private if the market won't

[Beckysboss]

  Priced in already if they guide lower.  Stock has moved down from the $40's to $19 since the last earnings.  Zero is a wet dream/fantasy  of the short sellers.

[CYBERPUNK]

Oh I dunno Becky.  Hodson said "all bad was priced in" when valeant kitchen sinked it in their earnings.   And it went down lower and lower still.  Go figure.

[Craigbad]

Just one of Lumbers juicy tidbits before earnings. Aren't you glad you listened Dontshortcxr?

[LaticelnExile]

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[LaticelnExile]

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[Craigbad]

Lumber, your pumping, dumping and misleading of innocent retail investors is getting old. You were promising an over $50 shareprice in August for crying out loud. Your probably working with the company trying to blame their incompetence on the people who saw value in shorting the stock due to hard work and research. Maybe your incredibly stupid, as you said yourself the press releases before

[Lumberfeverlong]

Yup. I'm still blaming shorts because they are to blame for this company trading at an insanely undervalued level. You are a bunch of crooks.

[marxath]

lumber, It is reprehensible incompetence and conduct that borders on criminal that has taken the stock down to where it is now.

[Craigbad]

Lumber, the short thesis has been thoughtfully laid out using realistic numbers, script data, analizing the competitive landscape, and the companies debt situation. To call us crooks is amazing. You have to look to the company boardroom to find the source of the misleading statements in my opinion and in the opinion of the many lawsuits that could potentially sink this thing. 

[Lumberfeverlong]

Hey punk and all of your little pimpled faced smart arses in your hedge fund boiler room, go fck urelves. U r the ones who came out with rumours about financial statements potentially being restated months ago. Complete fabrication. The daily assertions that this company will imminently be biron. Also, a complete Fckn lie. The idiotic rumour about a $72m extra finders fee to Conven. Also a Fckn

[LaticelnExile]

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[marxath]

man...you are really starting to unravel. I find it difficult to believe that you wrote and passed the LSAT let alone the Bar. If so, submission of this post to your graduate school ( hmmmmm) may entitle you to a refund on your degree.

[TheGreatKazoo]

Lumberfeverlong, please stop.   Please go and read through each and single Sedar.com filing by the company for the past year.  These are all the regulatory filings.  If you need help, we can help. Then, come back like a man, and put forth your long thesis and debate like an adult. The shorts have you surrounded with facts.  You have baseless emotions.  Grow up and

[Register123]

Are we talking about the same CXR that issued a press release on August 3, 2016 which did not say one word about any revision in guidance, then, only 9 days later (August 12, 2016), revised their 2016 revenue guidance downward from $1,020 - $1,060M to $859 - $888M......?......What changed over those 9 days in early August to cause CXR to drop guidance so much....?...... I don't trust Mark

[Register123]

One other item to mention: Last year, CXR did not release their Q3 2015 results until November 12, so why would anyone expect CXR to release their Q3 2016 results any sooner......?.......maybe you meant to type "35 trading sessions".........?

[Register123]

At this point, I think longs have two alternatives to hope for: 1) There may be a company willing to buy out CXR shareholders, but at a price that is not much more than it is currently trading for (I think those who are hoping for a $15+ takeover price are dreaming, but hey, anything's possible.........) 2) If CXR sells off some assets to pay down their high-interest debt, they could

[rsmerchi]

Servicing the debt cost about $250 million, which can be done from cash-flow.  No debt due for another 6-years.   Cinven owns 20%.  The can buy the debt up at 65 cents on the dollar and buy the equity up at say $12 Cdn.   As a private company, they can just let the company be for 4-5-years, then take it public again in the U.K.   Why won't they?

[TheGreatKazoo]

Dum-dum! The assets are garbage. Old, price inflatated pills. The show is over. The gig is exposed. Politicians in some well known countries like the US and UK are going to do their jobs and protect the public! The cash flow numbers you use are based on broken assumptions. Misguidance and downward guidance for rest of the year. The earnout payments are high, above what they can

[PROtrading]

TheGreatKazoo wrote: Dum-dum! The assets are garbage. Old, price inflatated pills. The show is over. The gig is exposed. Politicians in some well known countries like the US and UK are going to do their jobs and protect the public! The cash flow numbers you use are based on broken assumptions. Misguidance and downward guidance for rest of the year. The earnout

[Lumberfeverlong]

That is a post from last quarter being recycled by the short and distort gang. Rest assured, I'll be doing the same when this thing turns around.  

[marxath]

If there has been any distortion of fundamentals on the part of the shorts it has been minimal, and far less destructive than the pump a defunct mission undertaken by banks, institutions, assorted analysts and half wit retail like yourself since November of last year. The AMco purchase was a death sentence from the get go. Brexit, unexpected  generic competition ( lmao!) and the NHS

[Craigbad]

Lumber, I believe you posted this nugget when the shareprice was about 700% higher. I'm sure those that took your advice are extremely happy! Lol

[LaticelnExile]

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[SteadyHandsStan]

OK .. I admit that this chart art is funny. Now the board is being spammed. Great stuff here, actually learned a few things today. Didn't know that about Adjusted Ebitda. Good to know. LaticelnExile wrote: Craigbad wrote: Lumber, I believe you posted this nugget when the shareprice was about 700% higher. I'm sure those that took your advice are extremely happy! Lol

[ConfidentDD]

Hey Stan, the real A. ebitda numbers are on MT's etch-a-sketch. Its in for upgrades. SteadyHandsStan wrote: OK .. I admit that this chart art is funny. Now the board is being spammed. Great stuff here, actually learned a few things today. Didn't know that about Adjusted Ebitda. Good to know. LaticelnExile wrote: Craigbad wrote: Lumber, I believe