Ridiculous
Took at look at CXR....Down over 4% on no news that I can see......Probable reason: VRX down over 6% after it issued a press release stating that the FDA has concerns about a new application for one of their existing drugs that VRX wants to get approved.....Investors seem to not only be treating CXR as another VRX (which is ridiculous in my opinion), but also punishing CXR for VRX events they have nothing to do with......I think the market is behaving extremely irrationally re. CXR....CXR buy and hold shareowners have no power to stop these short term impulses, but in the long run, I think fundamentals will win the day, and I think CXR has a good chance of delivering on those fundamentals (cash flow, EPS, debt reduction, etc.). Plus, there is always a chance that CXR will be taken out provided the CXR Board does not ask for the moon in return (as I've stated many times on this board, I think anything $50+ Canadian would be acceptable).....