Concordia Healthcare Corp. T.CXR.R

What is the "R" in D-E-L-I-V-E-R

[rad10]

How badly do you need this spelling out?

[PROtrading]

Rip off? Rape? Ridiculous?

[Evenstephen]

Restructuring, refinancing, realigning, the debt. you know what isn't in deliver? B for bankruptcy. 

[rad10]

Stephen Stephen Stephen - have you ever been through a corporate restructuring?  Do you honestly think the bond holders are going to let the equity holders retain anything more than breadcrumbs......................................  Really?

[Evenstephen]

We will see

[rad10]

We will indeed see Stephen, but you will probably feel too................ It's a lesson you have to learn for yourself and it is painful one.............

[wheelingit]

Assets and cash (excluding Goodwill) worth 2/3 the facevalue of the debt, if everything was sold now, what does any equity holder expect to get? why is this even a debate?? Wheels

[rad10]

Thanks Wheelingit - fools and their money seem desparate to part ways.  There is only so much can be done.

[Evenstephen]

They have a plan to grow revenue. Everything isn't being sold I don't know where you get that. They will restructure some of the debt to get some breathing room. They don't have to swap all the debt they have right now. Most of it isn't due for years. They just need to cut down on some of the interest they pay out. There's only 51 million shares outstanding and you think they

[Iattice]

If they restructure the debt is that usually good for the equity holders?   Do you think that the share price will go up if the comopany files under CCAA?  

[Evenstephen]

Gonna be a couple more rough quarters. The equity will not be wiped out. See you all in six months

[daveinmiss]

Great Questions Lattice...you are the sharpest axe in the shed

[Evenstephen]

When did Concordia file for creditor protection? I was under the assumption they had sufficient liquidity for the next twelve months. Where could I have heard that?

[rad10]

Today - fool

[Evenstephen]

CBCA is not bankruptcy or insolvency. Your thinking of ccaa. Re read the press release.

[marcrobert]

Restructurings involving insolvent companies have typically been carried out under the Companies’ Creditors Arrangement Act (CCAA). Recently, however, there have been a number of prominent cases where apparently insolvent companies have filed plans of arrangement pursuant to the Canada Business Corporations Act (CBCA) rather than under the CCAA. This article briefly outlines

[MrHulot]

Dave, you mean the sharpest beak in the henhouse

[PROtrading]

OMG!!!! MrHulot!  The ONLY accurate statement in months!!!    Are you ok?  LOL