Concordia Healthcare Corp. T.CXR.R

Manipulation Continues

[Lumberfeverlong]

It amazes me how the stock manipulation is permitted to continue week after week by the regulators on this stock. It absolutely shameful.  No amount of insider trading by anyone compares to the damage shortens have caused to so many retail investors.  This valuation has no basis in reality and hasn't since the stock fell below $20. It is trading as if the company is going to imminently file for Chapter 11, which everyone knows is not the case, not even close. I don't know where the bottom is on this, but at some point it will turn around in a big way. I'm not going to sell and miss that rally. If you are long and are down substantially as I am, don't sell. What would be the point?

[LaticelnExile]

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[Lumberfeverlong]

You are the master manipulator and are the one most responsible for this unscrupulous short attack. Everyone knows analysts just follow the stock price up or down. Their views are meaningless in either direction. quote=LaticelnExile] Lumberfeverlong wrote: It amazes me how the stock manipulation is permitted to continue week after week by the regulators on this stock. It absolutely shameful

[LaticelnExile]

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[ConfidentDD]

Well, Lumber, it seems to me, loooking at your year of posts, that you have been saying the same thing in 50s, 40s, 30s and all the way down. There has been always a theme of "market manipulation" in your thesis. Tax loss selling is a good reason to sell. And another could be that, no major analyst wants to be in this anymore. They could feel dreadfully deceived too. And Lastly - no one

[Craigbad]

Its not really rocket science. Guidance was lowered, they added more debt and further reduced cashflow with more high interest payments. We should see more downgrades in the $2-3 range shortly. You have to be in a pretty big state of denial at this point to still be blaming shorts for calling it right.

[Lumberfeverlong]

The only thing shorts have called right is the tenacity of their short attack. The company is far from any workout and has at least two to three years to right the ship. You have taken this stock so far down that it bears absolutely no connection to the earnings potential going forward. I have no doubt I will be vindicated one day. I only wish I could be as certain regarding regulators putting you

[DeathPool]

Lumberfeverlong   You sound like a big cry baby blaming the shorts.  It is heavily shorted for three good reasons (and then some):  DEBT,  POOR ASSETS and  MANGEMENT THAT HAS ABSOLUTELY NO CLUE To say that the shorts didn't get anything right tells me you are probably drunk on a Friday night posting here pissed off because you came home from work and found out  

[Lumberfeverlong]

Pissed, but far from drunk. 1300 skus, 60 upcoming product launches and $500m in the bank. No reason this should be trading at less than half annual EBITDA.

[BlueJaysFan]

Ahhh,,,   just as I thought.  Another 52 week low.  CXRX now is in the $3's    ......  Wow  I lost a lot of money listening to the likes of people like you and you sound like you are in some cloud and the only person who can see into the future always promising it will turn around in a big way. The market wanted them to pay down the debt, not put on more of

[Lumberfeverlong]

You lost nothing. You are just another short alias. If you sold, you wouldn't be posting on a Friday night. That is a Lattice or Craigbad trait. Go fck itself whoever u r. quote=BlueJaysFan] Ahhh,,,   just as I thought.  Another 52 week low.  CXRX now is in the $3's    ......  Wow  I lost a lot of money listening to the likes of people like you and you

[Ranger56]

Lumber, One more reason to reconsider if CXR is worth the risk today. Did you catch the recent Oct/7 short seller view on BNN arguing with simple numbers that CXR's debt now exceeds their assets (see below). This means limited value in the equity until this is reversed. You can of course argue that the method of analysis used is incorrect. I make no comment, that's for you to decide. The

[Lumberfeverlong]

There was never any meaningful recovery for common shareholders in a restructuring scenario even before the 9% secured notes were issued.  The only stakeholders harmed by the new notes in such a scnerio are the unsecured bonds.  For those who really want to know how a restucturing would unfold under Chapter 11 or CCAA, the secured creditors are usually made whole 100%, bondholders would

[LaticelnExile]

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[Ranger56]

Lumber, good you come out with DD. At least your putting numbers out there. At this stage, debt to high, EBITDA matters less than the actual cash burn. A steady decrease in cash over the next few quarters will drive the steady decline of the share price. It does not matter how the cash burns..product development/launch or debt service. Look at case after case with companies with debt to high, its

[Lumberfeverlong]

Ranger, the company is not in a cash burn situation right now and may never be.  It should still generate about 1.7 times as much cash as it needs to service debt in 2017 (i.e. $480M/$280).  For it to start burning cash as you suggest about $200M of EBITDA would have to disappear.  I just don't see that happening.  Instead I see EBITDA rising in future quarters as they

[LaticelnExile]

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[Lumberfeverlong]

The only ones posting 24/7 are you and the rest of the short and distort gang. I barely posted all week because I actually earn my living doing something other than posting on this board. As for prescription data, yes I have reviewed the data over the last couple of weeks and it is holding up pretty well. Thanks for asking.

[Register123]

In addition to making their debt/interest payments on time, CXR must meet their debt covenants as well.....Now, creditors can relax a broken debt covenant, especially if the offending company lets the creditor(s) know in advance that they will fail to meet a condition of a loan, but I wonder, if such a problem should occur at CXR in the future, will creditors cut CXR some slack, or pull the plug

[Ranger56]

Lumber, You will see there is cash burn quarter over quarter that started in Q2 (the last bad quarter). The cash burn I am refering to is the cash balance at the end of the quarter on the balance sheet. One can also include A/R minus A/P to give net inflow expected on the balance sheet. Here are the numbers: Q2/2016: Cash Balance: 145M,   A/R-A/P: 208M-155M= 53M expected cash inflow Q1

[Lumberfeverlong]

Ranger, thanks for your note, but you are not comparing apples to apples. Cash balances tell only part of the story.  To determine whether there is a true cash burn from operations, you have to net out non-recurring items.  During Q2, the company settled a litigation for $12.5 M and paid a third party almost USD$30M for four drugs. That alone would amount to adding $40M to your