RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:scotia bank - involved in deal?Ultimately, what fell Valeant was the scrutiny from the public. Lets see how an mining company would feel about if all of a sudden every animal they killed, habitat they destroyed, people they bribed was now on every news channel. No company can survive every one of its business practices under that much scrutiny. What about the banks?
The simple difference is that people need to be outraged about something and this is something the shorts are hoping like hell catches on. With CXR, its been mildly successful but hasn't caught fire like VRX did. This is partly due to the fact that the NHS allegedly
KNEW about the generic vs. branded differences and even approved of them. To me, thats not speaking fraud about a company. That's a dirty run on a Company. Like someone yelling fire in a theatre and then someone getting trampled on the way out. The theater company then gets sued in the court of public opinion and eventually goes bankrupt with no fault of its own.
It would be different if you said that CXR was selling garbage and that their drugs actually did nothing.
Lattice wrote: puma. Sure dude, nothin' at all wrong here trading at 30ish. And why don't you tell your comforting statements "its only the auditors statements that matter" to all the Valeant investors who expected their their auditor to save them. It was whistleblowers that made Valeant come unglued, not their auditor. And it had a hell of a lot more to do with $50M that they threw Schiller under the bus for.
I was born at night, just not last night. You, puma, are an admirable bagholder.