Concordia Healthcare Corp. T.CXR.R

US Markets

[TraderBen]

Seem to be going to the moon  This is the first day that we may see a pause in the markets and use it as an opportunity to buy something that has a hope in recovery. The bond market is saying that this company is in dire need of Chapter 11 restructuring and the banks will have a fight between themselves - common shareholders will be screwed.   It is beyond me why anyone  wants to try trading in a company where bankruptcy is even being debated.  Even if you believe they aren't going bankrupt anytime soon get into something where you at least have confidence that the company can service the debt they have.  Withdrawing guidance and not providing forward guidance on their last earnings call was when the writing was on the wall that this company is seriously f****ed

[GenericAdvocate]

TraderBen wrote: Seem to be going to the moon This is the first day that we may see a pause in the markets and use it as an opportunity to buy something that has a hope in recovery. The bond market is saying that this company is in dire need of Chapter 11 restructuring and the banks will have a fight between themselves - common shareholders will be screwed. It is beyond me why anyone wants to try

[TraderBen]

Gee... where is greatplay this morning? Is he going to come on again when he says he sold at, remarkably the day's high and rebought at the day's low? I only believe trader's who post to their trades in real time. GenericAdvocate wrote: TraderBen wrote: Seem to be going to the moon This is the first day that we may see a pause in the markets and use it as an opportunity

[Shortingtozero2]

Speaking of which.... Where is PROTrader these days? At least he posted in real time and could read a flippin chart although the long posts were unbearable to read for me TraderBen wrote: Gee... where is greatplay this morning? Is he going to come on again when he says he sold at, remarkably the day's high and rebought at the day's low? I only believe trader's who post to their

[ttbone]

If concordia sell, what is your take on what happens to the stock, do you think the stock will rise?

[Health123]

The company has been up for sale since strategic review was announced  nine long months ago.  I would think any potential buyer has looked at their numbers by now!  If assets are sold in Chapter 11 restructuring it will be the secured creditors that will benefit.

[ttbone]

So what happens to the normal stock holder in this senerio?

[Shortingtozero2]

Are you asking a serious question?   Yikes!

[ttbone]

I can understand your sarcasm giving where the company is standing right now, loosing $$$ is a serious matter to most!! But if the company is takin over doesnt the share price usually increase?

[Shortingtozero2]

I did not mean to be sarcastic I was dead serious.  Suitors  looked at this company earlier in the year.  No deal materialized because the assets are not worth the debt.  The company formally put an end to the strategic review process and the integrity of the financial information that the company puts out is being questioned.  The last two quarters have come as a shock to

[GenericAdvocate]

ttbone wrote: I can understand your sarcasm giving where the company is standing right now, loosing $$$ is a serious matter to most!! But if the company is takin over doesnt the share price usually increase? ttbone, this is a highly speculative stock. It is high doubtful that a buyer would want old off-patent generics that have relied on price increases to compensate for

[lnvestor198]

ttbone, The concern now is that the equity goes to zero through a bankruptcy process, so assets will likely be sold in this restructuring.  The share price usually will decrease, but it won't actually go to zero but it will probably be somewhere between zero and $1 if this turns out to be the case.  Because the company suspended its financial forecasts and did not offer forward

[Marky1]

Tt...It all depends on what the offering is...If the buyer is offering let's say $10 a share for the outstaning shares then the stock will rise to that amount....

[GenericAdvocate]

Marky1 wrote: Tt...It all depends on what the offering is...If the buyer is offering let's say $10 a share for the outstaning shares then the stock will rise to that amount.... OH. MY. GOD. Now why didn't I think of that someone could offer $10 !!!! What do you smoke Marky? $CXRX

[Marky1]

Tt...To elaborate a bit If anyone has anything to add kindly do so....learning experience for me too....There are 51 million outstanding shares....If a buyer would offer $10 a share that means they would be buying CXR for $510 million dollars...Don't forget that that is US $..In CDN$ that would work out to be around $13 a share...They would be paying that for a company that has $1. billion in

[BaytexBull]

Yah I have something to add.  You are dumb as fucck if you think someone is going to offer 510 million to get a 5 billion bag of debt from a company that won't even comment on revenue on their drugs and what they are being investigated for.   Seriously... can you fog up a mirror Marky or are you just joking with us?  The stock is cooked and the whole market knows it.  The

[ttbone]

Guys i wasnt trying to start a dickk swinging match here, we are all investors and are in this for the same reason, sorry if my questions seem stupid but im new to the game and never been in this situation before, thanks fella"s for replying its appreciated. I just cant believe any company let alone a canadian company would leave there investors and there hard earned coin in the dark

[POMERANTZ]

They will file Chap 11 soon but I'm not sure even that would light the bulb for some posters here.

[Health123]

"We need letters from members from the heart to represent the equity holders of Concordia. I think Marky1 from ths Stockhouse bull board is the biggest bag holder and very suitable for the position . I nominate him to represent shareholders to the Bankrupcy Judge" #EquityCommittee CXRX

[rad10]

Bagholder platinum material...................................  This one is dumb as a brick.............

[Shortingtozero2]

Has to be a troll or just someone paid by Stockhouse to amp a bull board that is slowing in the number of "clicks"     No one can be that dumb.  Marky is down $192,000 according to his posts when he said he bought.  He takes the definition of Bag Holder to a whole new level.

[DeathPool]

Quarter Research is Excellent and I would recommend all to follow him on twitter. He is calling for a fade by end of day. Greatplay (what a joke and ovbiously severely underwater from his history) seems to have mysteriously vanished from the board this morning! But Im sure he will grace the board at the end of the day and say he saw the fade coming and sold! GenericAdvocate