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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Craigbadon Oct 08, 2015 4:23pm
272 Views
Post# 24176851

RE:trading on this stock

RE:trading on this stockI wouldn't be in a rush. Technical target is $36.00 to $43.00 and could very easily hit the low end and re-test the 52 week low. Although they may have got the financing done at a much higher price they angered alot of bay street by doing so. They aren't likely to get any support from the street anytime soon as there was talk of court action as mentioned in one of the papers regarding the no out clause of the financing. It was described as buying a house that lost 50% of its value the day you took possession. Very bad situation caused by circumstances outside the companies control but unfortunately their could be alot more downside before theres stabilization. 
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