RE:Concordia could fall to $1.00 (Recognia Technical Event)That's when TA really tells you it's going to have to hit that before we see any recovery.
Let's say I was a large shorting hedge fund here (which I'm not, I'm a tiny little fish swimming with these large sharks), would cover now???
NO WAY!!!! Even from my little vantage point, I'm seeing the sumani coming to flush the remainer of longs in denial, I would come in to greenfield, land cleared and would then go long to rebuild what's left of this company with assets re-adjusted for what they are. Legacy drugs in a world environment that micromanages excessive drug pricing.
You think the public and governments won't open the floodgates on drug price hike regulations and restrictions after the abuse "the street" and companies like Concordia have shown the world community????
And I actually feel good about shorting! Now, I don't underestimate "the street" because they are watchin and they have the big bucks since they play with other people's money. Big money.
HedgeFunder wrote: According to Recognia's technical analysis lookup from QTrade.ca account:
Concordia International Corp
CXR:TSX
10.59 CAD, Last Close Technical Events 1 bullish
8 bearish - closest target $1.00 - $3.00
See table below for details. This page shows active events - view historical lookup for more.
FUNDAMENTAL ANALYSIS ( terrible ): - P/E Ratio: NEGATIVE
- Quick Ratio (Acid-Test Ratio): 0.74
- Current Ratio (Working Capital Ratio): 0.98
- Total Debt to Equity: 8.87
- Interest Coverage: 1.18
- Net Profit Margin: -82.17
- Return on Equity: -130.53
- Revenue / Employee: $0 (negative)
Caution: EBITDA is not GAAP (Generally Accepted Accounting Practice), so beware how management calculates EBITDA. Stick with pure fundamentals, avoid EBITDA.