Too much Headline Risk for me - switched to CXRHere's me 2 cents - When research firms with questionable credentials can trim $20B off a high quality company like Valeant in one week, I have to conclude that the headline risks are not quantifiable. I just can't comfortably estimate these headline risks in my financial model. And then I can't sleep.
I'm concerned with US election candidates gearing up for next year, Valeant will continue to be a target for the forseeable future.
I took a tax-loss yesterday on VRX and switched to CXR. I think there's a lot more upside, with less headline risk.