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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by MirrorWorldManon Jul 13, 2016 7:22pm
309 Views
Post# 25050572

RE:Brexit thoughts

RE:Brexit thoughtsTaking advantage of non GBP income from other countries to pay down GBP debt is a no brainer as they take into account the exchange rate benefits. Having a high USD debt relative to GBP debt is not so good. I wish the percent debt was the other way around (ie more GBP and less USD) but it is what it is. This statement is a little different than the original knee jerk reaction out of Concordia that said they were going to pay down GBP debt with GBP revenue. The CFO must of given him a kick under the table after that response, and the analysts may have gotten nervous. He was right if he would of said they will use US revenue to pay US debt. The best thing to do is take a deep breadth and to use the exchange rates in your favour if you can and I agree to minimize current conversion to US dollars to pay down US debt. Wait and see what 2017 brings. Focus on top line revenues with new launches etc. That being said, the first sign of potential issue is divs. 
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