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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by StockPicker88on Mar 17, 2016 12:00pm
136 Views
Post# 24670075

RE:RE:STOCKCOACH and others

RE:RE:STOCKCOACH and othersWhat happened to VRX is truly amazing. Company's sales just fell apart in Q1. They were still ok in Q4 and that was after they closed Phillidor. It is like people stopped getting sick all of a sudden. My best guess is that good sales people left after collecting year end bonus. That would be disastrous to VRX.

Another big mystery is why did the internal investigation takes so long. I went through their financial statements. It is very unlikely they have major accounting frauds. VRX only has Philidor for a year and this invetigation took half a yaer already. It is holding up 10-k which leads to technical default. There is absoutely no excuse for it. This board needs to go. These situations are very unique and do no apply to CXR.  

With that said, I think health care sector will be under this dark cloud as VRX situation drags on. CXR will suffer with it regardless of results. I am long CXR and it is very unfortunate. VRX guided ok and blamed the bad quarter on tmporary inventory issues. If that is the case, we could see a turnaround. Though I am not too optimistic.  

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