Concordia Healthcare Corp. T.CXR.R

RE:RE:RE:RE:Steve Cohen Investing is the Vote of Confidence CXR Needed

[puma1]

CIBC are now net into this stock this month 2.3 million shares and 90% of that position has been accumulated from the 12th forward

puma1 wrote: SC, KKR, Cinven and a few other hedge funds now control more than a quarter of the company. Blackstone valued it at $US 2 billion 6 months ago. Drop off $US 500 m for the writedown, and lop off another 20% max for Brexit and you still get $US 1.2 billion or $US low twenties. Mix that with the fact that institutional holders can't be all too keen on MT at this time and you have more than enough votes to get control.

Lumberfeverlong wrote: He might not be the miost scrupulous investor out there, but he amassed one of the biggest fortunes in the U.S.  I'm sure he is not one to throw his money away by investing in a company he believes is going to be insolvent eventually.  The tide is turning, although slowly.