Knight Therapeutics Inc T.GUD

Endo ... watching just for fun

[MrMugsy]

It is for no other reason than for "fun" that we watch the demise of Paladin's acquirer - Endo.
Also ... to see if GUD makes any kind of play for their 69 Canadian drugs.  The price is likely not right - but - fun to watch anyway.

It was obvious back then that using debt to run a series of acquisitions was not a good idea for the long-term.

The market cap of Endo is now $332M and debt totals approximately $8 Billion ... Seeking Alpha may have been on to something in their comments back in August 2021 ...

• With a weak balance sheet, lingering opioid lawsuits and the upcoming threat of a generic vasopressin competitor, the likelihood of a bankruptcy announcement in the coming months is high.

Endo has been fighting hard - but for how long?  The opioid crisis will surely do them in.  Did Seeking Alpha make the right call?  Will see.


With the recent announcement of the hiring of a restructuring adviser, I believe Endo is likely on its last legs and will follow the path of its peer, Mallinckrodt (MNK), i.e. into Chapter 11 bankruptcy filing.

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[GoldenInvestor]

I see Endo's market cap at $282.13 Million, on CNBC!! stock price at $1.20.

[MrMugsy]

No idea how they continue like this - going to have to shed assets and/or restructure. A decision on what to do can't be that far away.

[longrun86]

Out of curiosity I looked at the recent Presentation and earnings releases. The summation is simple: Endo is a Zombie. All shareholder value has been destroyed. The debt holders are in control now. Goodman and his team must be sad to see everything they worked for at Paladin in this state I think you guys who are around from the Paladin days might have a view as to if there is anything for Knight

[MrMugsy]

About 69 Canadian drugs they would take off Endo's hands (only thing left in Endo International)  - but - only if they can get it on the cheap. The LATAM assets were already sold off - which I think came via other deals and mostly unrelated to Paladin anyway (don't quote me on that - lots of amalgamation when Paladin was acquired). Ya - what happened at Endo is depressing (on one