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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by adamchesson Nov 12, 2015 4:09pm
167 Views
Post# 24286441

RE:Globe and Mail, Published Nov 12 12:04 pm EST BNN Market Cal

RE:Globe and Mail, Published Nov 12 12:04 pm EST BNN Market CalJust to be clear, Aventine is a buyer of Concordia notwithstanding its higher leverage profile. Great news! Other fund managers should jump on board!


CJAlberta wrote: FYI, Aventine Management Group has received the Morningstar #1 rating for their Canadian Equity Fund...   

"Our evalution methodolgy [on Concordia] will penalize a stock for having excessive leverage - which we have done for Concordia.  Even assigning our most conservative valutation multiple against our EPS projection, we believe the shares are at leat 50% undervalued.  At 5X 2016 EPS, the stock is trading at a multiple reserved for companies going out of business, which is certainly not the case."

More on their investment thesis can be found on Aventine's website.  
 



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