RE:RE:RE:agmCxrBull wrote: WillyWally. You should have a listen to what the CEO said right before the last earnings were released that got the longs all frothy. I encourage everyong to listen to the webcast:
https://webcasts.welcome2theshow.com/cibcwhistler2016/concordia
at the 3:15 mark Thompson goes on record as saying "Free cash coming out is about 500 million..."
I thought WHA WHAT? How could he have been so off from the actual audited numbers that came out just a few weeks later? All these ex-Biovail guys are in so far over their head its not even funny anymore. Does anyone know if the fraud against Biovail was before, during or after Valeant bought them?
.... "Bet the jockey, not the horse" ... said someone.
WillyWally wrote: Well, I'm long this stock but I can tell you from experience you can't trust what a CEO says. I saw companies being delisted for fraud weeks after the board were preaching the amazingness of their CEO, how their CEO thought only of his employees and shared all of his money with everyone and how of a good person he was. Even if CXR announces very bad numbers, MT could argue that these numbers are amazing in face of what transpires in the sector. Don't forget that no matter what, he's going to make many $M a year by just showing up to work.
So please don't pay attention to this "you'll see with Q1 results" propaganda.
Hateshorts wrote:
did mt say he can hardly wait to earnings?
CxrBull ; but you should also note that that was addressed by Adam Peeler of IR as an accidental slip up and corrected back to original guidance of I think around 360M. And remember that 2015 year end audited numbers only contained 2.5 months of AMCo, so how could they possibly reflect 2016 guidance? Please stop painting MT as some fraud because he worked for Biovail at one time.
if you're going to post something, make sue it reflects the truth.