Post by
BaytexBull on Aug 12, 2016 7:04pm
Listened to the Conference Call Cringing All The Way Through
What a complete bunch of clowns. Thompson seemed like he was on drugs and couldn't wait to say his "business is robust" two sentences at the end and hang up. The analysts all seemed to be in shock from the impairmnets or in some kind of coma. They had to repeat questions and you never even knew who was going to step up to answer them. I watched the VRX conference call and I am not a fan of VRX but wow night and day. They had a nice slide show, everything was clear. Saldaha or whatever his name reading off the financial statements for 10 minutes like what my ten year old gives better summaries on her school preselntations then that. VRX laid out a clear play for debt repayment and these guys were just like bozos saying they believe debt can be paid off. Like WTF? And to say the writedowns in those drugs were unexpected is total BS. They should have disclosed the generic entrants earlier. Questions were not even directly answered it was so confusing. One guy asked what GBP they used for the quarter and they had to scramble to give him two rates and thompson interrupts very hostilelike to say they used the higher rate and wow wow wow. That was the worst conference call in my life I have every heard. So glad I listened to the SEC/OSC investigation warning that the shorts hollered out because when your GAAP eps is -11.18 and your adjusted one is 1.38 something is reallly really fishy. Glad I mainly play oils and not drugs because they are nasty. Longs should really be pissed at the incompentent management here. No wonder it was seen as a good short. That conference call alone is enough to short a comopany without even knowing anything about it. Sheesh.
Comment by
domcolumba on Aug 12, 2016 7:21pm
Management should have let TEFLON DON answer all the anal ysts questions. I can't wait for his next appearance on BNN's Market Call. Don is the goofball with the designer glasses. Probably made a lot of money shorting VRX and CXR. Those investors still holding shares should rush out to the liquor store and buy a 40 ounzer of Irish whiskey. and get scuttered. It will help to dull the pain.
Comment by
notwrong on Aug 12, 2016 8:16pm
This post has been removed in accordance with Community Policy
Comment by
notwrong on Aug 12, 2016 8:23pm
This post has been removed in accordance with Community Policy
Comment by
domcolumba on Aug 13, 2016 5:25pm
notwrong Give your friggin head a shake. Donville was telling investors to BUY VRX at $300 and CXR at $80 These guys are all liars who are looking after their own clients. How many times when they are reviewing their past picks have the precks already sold out their position. Almost ALWAYS. I would bet Donville was shorting both stocks. Another Joseph Schacter with the coloured bow ties.
Comment by
Sandman2000 on Aug 12, 2016 8:09pm
I agree the conference call was hard to stay awake for. The CFO was the worse with monotone voice. I wish I listened to the CC and did more research before purchasing another 1K shares @ $13 just before closing. My average price is about $29 with 2200 shares. It might be wishful thinking, but I'm hoping a buyout happens to mitigate damages. Glta.