VRX up marginally... while others up way more should show you that VRX is in its own dark world.
I doubt very much if their debt is manageable.
FYI....
Jim Chanos said "everybody" is using metrics that are "just as bad as Valeant's accounting ... I think that a lot of people are operating in this stock on the basis of false presumptions."
He continued:
The whole idea was to buy things and then hike prices dramatically. The payers have woken up — that is the difference here. Valeant was genius at gaming the system; that game is over ... This was financial engineering, this was not pharmaceutical development.
Biography.....James S. Chanos is an American investment manager and currently serves as president and founder of Kynikos Associates ($3-6Bn AUM), a New York City registered investment advisor that is focused on short selling. Revealed the fraud at Enron & Worldcom.
carlos