Concordia Top Picks from Ryan ModestoConcordia is being priced as if it is going out of business (below book value), yet generating strong cash flows and being diversified geographically. Only 40 percent of revenues come from the U.S., where many investors are concerned about politicians making operations difficult for these companies. Debt is a risk, but management is confident in being able to pay it down and no single product makes up more than 10 percent of revenues.
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