RE:RE:RE:RE:objective look at Well, I read all I could about this and I still think it's a big storm in a glass because AMCo's doesn't have major price increases compared to others, but my greedy fingers see this as an opportunity to bottom feed on CXR if fear engulfs the company. After selling through the fake rumour, I added 600 @ average of 35.10 on Friday but I might sell at the open and wait for 25-30 range to add again. Today is a nice rainy day here in Montrel so I'll make myself a nice Bailey's coffee and ponder strategies.
This reminds me of Nuvasive (NUVA) 4-5 years ago. I was having big debates in the forums with a user called shortdaddy. NUVA was @ 25 at the time. It's funny because you know, shorts *and* longs were right, it just depended on *when*. NUVA went from 25 to 30 and I luckily made a few bucks, then it went down to 12 (they lost some patents stuff in court and I also lost a few bucks in the process with new trades) and that was the end of the world and shorts were right and celebrating... until a few years later where the stock stands at 56. It's not as easy as you'd think to sink a healthcare company, they might lose in court countless times and somehow they resurface even stronger.
I really think you're wrong about Concordia being worth zero but in a year or so I'll gladly come back and tell you you were right if the company is out of business and being eaten by bondholders.
Lattice wrote: WillyWally, If CXR is one of the 5 companies that the CMA is investigating, and MT did not disclose that to the shareholders, then yes, this going to get sliced again in half, and the bondholders will get paid and commons will get zilch. When Valeant did not disclose until March 2016 to shareholders that it was being investigated by SEC, that's what happened. AMCo's growth was not in organic growth or volume growth like investors were led to believe that they had these nice shiny enduring assets. The drugs are old, no one cares about them because most are niche products and that's why they have been able to stay under the radar up to this point. But now all of that has changed, and the drugs are in a big spotlight. So what bet do you want to make? If you trust MT, buy more shares, and stick with your conviction, I don't really care.