Concordia Healthcare Corp. T.CXR.R

Final Flush

[88guy88]

to scare away any last remaing nervous longs will take the price below the psychological $10 mark and then its single digits and final panic but the the smarts will hang on for the elastic snap back and when the shorts cover and they will......they will be stepping on each others heads to get out the door.......that will be fun for the longs.....it always is

[LaticelnExile]

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[Craigbad]

Why would shorts cover? scripts are declining no divi to pay anymore lawsuits are piling up analysts are lowering targets weekly technicals point to $1-3  likely more write offs coming most bearish stock on the tsx by sctr ranking drowning in debt earnings declining if you can give me a good reason to cover, i'll consider it, but i feel pretty comfortable with the incompetence of this

[Craigbad]

Ps: if you're dead set on investing in this downward spiralling dung, why don't you buy the bonds. You can get a 14% yield and might actually get something if they go under, unlike the equity which could go to zero.

[88guy88]

How can the equity go to zero?     That means the shorts would make alot of money and I cant see that happening.     This isnt Nortel you know!

[Craigbad]

Keep in mind that legacy drugs are generally worth 5 times ebitda when being sold. Concordias debt  is 6.4 times ebitda. Its not rocket science to figure it out. Bondholders are first in line. The assets aren't worth the debt.

[PROtrading]

Right, shareholders are always first to get the shaft and guys who just look at market cap without factoring the debt are making a huge mistake! Understanding the true value of the assets is hard.  Is that file folder on its way to the Caymen Island as well???  LOL 

[LaticelnExile]

This post has been removed in accordance with Community Policy