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Bullboard - Stock Discussion Forum VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."

TSX:VRX - Post Discussion

VALEANT PHARMACEUTICALS INTL INC > Tomorrow's earnings
View:
Post by Lostinmarket123 on Jun 06, 2016 3:54pm

Tomorrow's earnings

This was a quarter under old management ... So I wouldn't be surprised if this gets ugly as papa will get no credit except doing the call... So I can guess he would like to take advantage of that and declare whatever he would want to remove those bad things from future ... Will we see 52 week low .. May be if it's too bad...stock going down on default notice was a big hint .. No way it will default at least for this call but still it went down...wall st uses unbelievable bad news usually to start a trend ..that way bag holders do not believe the move and keep holding only to realize the real bad news which usually comes a few days after...I am not in this ... Just a few extreme calls and puts which probably will go in waste unless it swings a lot in either direction...I decided to get back in oil rally as yesterday .. I think we will see some breakouts there
Comment by Lostinmarket123 on Jun 06, 2016 4:06pm
Just to add .. I suggest you all keep an ear the buyout offer discussion tomorrow.. That is the key to vrx future
Comment by Lostinmarket123 on Jun 07, 2016 6:22am
Looks like I got correct again ... we probably will get 52 week low ... below 18 price in usd very much possible ... as for longs ..as I said before if you want to be long be long on stock which doesn't have the scent of a scam ..there is a reason money managers were selling ...I said this before some 3 months back ...first they will bring down guidance ..next they will say loss ..they they ...more  
Comment by FingBucko on Jun 07, 2016 7:20am
I recall the risk I took when I bought VRX @26.35 USD in May. No Leadership, no firm date for Earnings, default talk etc were just a few of the clouds hanging over VRX. From my perspective these results and the fact that the Quarter was announced on time, as well as the positive developments regarding mgt over the past several weeks, has somewhat dissipated those clouds. With reduced risk I expect ...more  
Comment by Spicoli420 on Jun 07, 2016 7:37am
Hope you're right about the late morning bounce because right now it's getting really ugly. 
Comment by FingBucko on Jun 07, 2016 7:47am
I hope I'm right too! It's all just my strongly worded opinion :-) I'm considering pulling an Ackman and averaging down a little though. Will see what happens when the Market opens. Cheers!
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