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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Craigbadon Jun 24, 2016 8:02am
211 Views
Post# 24994570

RE:Lendemain de veille

RE:Lendemain de veilleBeen watching alot of bloomberg and most analysts are expecting the pound to keep weakening. Many expect a rate cut and more QE which will keep adding pressure on the currency. Aside from the initial hit, i am now more concerned with cuts to price targets and downward guidance revisions which almost seem a given at this point. Wherever the price falls to from the initial shock, if analysts start cutting targets, we are in for some further pressure from revised downward price targets. The company is already overlveraged and now cashflow could be reduced by 10-15%, if there is even a slight bump in the road regarding any other overhang, the shareprice will collapse. 
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