Concordia Healthcare Corp. T.CXR.R

RBC Target is 32.12 Canadian

[88guy88]

$25 US......nice upside from here

[Craigbad]

The people who bought at $70-80 thought that too when Rbc had a target of over $100. They lost alot of people alot of money. Keep in mind they seem to lower their target weekly. The trend is your friend. 

[dannyd9]

A lot has to go right for that target to be reached. Seems RBC is more bullish than everyopne else because they  may have blood in the game and may not be as unbiased as they should be. If anyone wanted to buy the company out now would be the time based on a 500 million market cap.

[LaticelnExile]

This post has been removed in accordance with Community Policy

[dannyd9]

Thanks lattice; that clarifies it a bit. Deferring 50 per cent would mean a 120 million payout now which they clearly have on balance. Again, the key is going to be about the earnings achieved during that period. 

[Lumberfeverlong]

The Cinven earn out is in GBP for a total of 144M and when converted to USD based on Friday's closing rate of 1.33 USD to GBP=$192M USD. Half of that is $96M.  So if they defer and pay there earn out based on current exchange rate, that is what they would have to pay and $120M.  quote=dannyd9]Thanks lattice; that clarifies it a bit. Deferring 50 per cent would mean a 120 million

[Lumberfeverlong]

Aopologies for the cryptic message below from earlier.  Writing on the go to keep up with the full time short and distort gang.  My point was that the Cinven payment was set in GBP and half of  that 144 GBP at current exchange rate= $96USD, which is what the company would have to pay this year if they defer the other half to next year.  If they do that, they likely will end the