RE:Greed...How can you be sure about what the real situation in the company is if you have to rely in what Management tells you about it?
Do you still trust this Management after everything that has transpired so far?
Why do you think the CFO left?
Why the OSC had to intervene and get Management to report financial results following GAAP?
Didn't Management overpaid for the aquisitions?
How come Management didn't know about the competitor generic drugs?
Didn't Management just recently had said "We remain highly confident in our business prospects going forward," said Concordia Chairman and CEO
Mark Thompson. "We have a strong team across the world who help provide patients with important medicines. The team is supported by durable company fundamentals; Concordia has no liquidity or debt issues, a strong free cash profile, and sales channels in more than 100 countries. We remain optimistic about our long-term future."
Arizona546 wrote: Its coming, just a question of where the bottom is. Hell, if I bought in like most of these shareholders did, average at least $20+ id say at this point... I'd be pretty upset too, I can feel your pain, and its hard to be optimistic at this point. But starting a new position on Friday under $12, I feel pretty confident there is gonna be upside in the near future from these levels.
The situation in the company isn't THAT bad, they're still a company, making money and continuing on growing... its not all that uncommon for companies to go through growing pains, that doesnt mean the company is going under, and people will realize that soon when the dust settles... However, if we have another Q or two like this (with large impairment charge or other issue) then that would be a concern, but its impossible to say whats going to happen...