RE:RE:RE:RE:RE:RE:Turing CEO: Probe makes 'mountain out of molehill'In this case, yes, they are victims of US law, politics and listings.
But, concerning the fraud, 2 or more companies can have the same business model , but just one can have the fraud inside!Even that a business model is representative for a fraud scheme it doesn't means that is the fraud there.
I remain confident that Canadian gouv will interact with US regarding this situation.-VRX situation and short sellers.
Concerning the impact on CXR , there is not fraud there and their politic for drugs prices is different.
In accounting , Enron is Evil.When Left compared VRX with Enron you can be sure that all the accounting staff read and listened Left!
Enron=jail time for an accountant!
Stockcoach1 wrote: Healthstock1234 - Not sure what you are meaning, as I already stated that most Canadian healthcare companies are doing majority of the business in the USA and derive their income from there. Accounting and corporate rules have little to do with it. Concordia is registered in Barbados, still until the AMCo purchase, it generated most of its business in the USA. So my point is that they are unfortunate victims of the US bourse listing , US laws, US politics and will continue to be if they want to do business in the United States ....Concordia included.
healthstock1234 wrote: Accounting rules, corporate rules are not the same.In US they have another environment.It is not about the listing ,stock market ,where the stock is trading . I am speaking about the business, where is doing.
Stockcoach1 wrote: I think, US or Canadian company has little to do with it. Look at Nobilis Health, Concordia, CRH Medical, Valeant, PHM, and others, all Canadian companies, all affected by the sector attack. The markets are so intertwined, that you can no longer make the distinction between US or Canadian corporation. They all do the majority of their business in the States, and most if not all are dual listed.
healthstock1234 wrote: All happened on US territory,but Canada stock market is very affected because Valeant is a US company based on Laval-Quebec.
It is not correct for Canada because this root issue is in US. I am confident about Canadian reaction.