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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Craigbadon Aug 13, 2016 1:41pm
277 Views
Post# 25139017

RE:Last call fro Alcohol

RE:Last call fro AlcoholI agree and urge people to consider carefully having this in their portfolio. When you have that kind of writedown in one quarter (when the business is performing as expected), you lose the profit from the assets, your overhead stays the same and yet you still have the debt and interest payments. Its like having a house burn down that you just bought, you dont have insurance, you cant live in it anymore, yet you still have to make payments. Extreme lack of DD on managements part. If they run into problems servicing the debt, they obviously wont be able to purchase new assets to offset declines in their legacy portfolio and it will be a downward spiral to zero. Truly on the knifes edge now and and any little headwind can blow them off into oblivion. Debtholders may get scraps, but shareholders?
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