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VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."


TSX:VRX - Post by User

Post by KnowledgeSeekr8on Jun 07, 2016 9:14am
138 Views
Post# 24940886

Down nearly 20% premarket

Down nearly 20% premarketWell looks like one post could be right, could reach 20% drop this morning. Wow this is not good at all, should have trimmed my position yesterday. Thought that the negative guidance was already baked in to the price but not so. We could see sub $20 USD this week. Now I'm trying to decide whether I sell half and eat my losses as I don't see a quick rebound until management can demonstrate they can grow the business and pay down this massive debt load. GLTA
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