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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by Moneyday0on May 10, 2016 8:26am
168 Views
Post# 24856915

Guess its no surprise people upset and battle of the words

Guess its no surprise people upset and battle of the wordscontinue from both sides of the story. Annual meeting told us so. Mark only got 51% approval rating: 26.1 million share votes for out of 51 million total. In fact, he just squeezed through. Of course one could argue he got 26.1 million votes out of the 34.2 million that took the time to vote or 76% rating but in my books its pretty iffy on approval. So why state this, there is NOW lots of pressure on him and mngt to get things done soon. This Friday's numbers are critical but the guidance is likely to be the tell tail of how soon a buyout offer will be made directly to shareholders. Price now is based on most of us believing there is no way Mark will let the company go - under any circumstance thus the $30 current price cdn. Pretty certain this SP can't last long at this level before multi offers made directly to us shareholders. Bottom line, be thee short, trading or long - looks like a $55 to $65 offer on its way sooner than one may expect. Actually think could be higher as shorts and arbitrage efforts cover and position. Certainly a stock in play and extremely promising for massive uptick at any time.
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