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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by argentia77on Sep 12, 2016 5:40pm
209 Views
Post# 25229702

If you believe Concordia share price will recover

If you believe Concordia share price will recover why not just buy options? You can buy call options with a $9 strike that expire around Oct 21 for around $1.20. So 50 lots (5000 shares) would cost around $6000 plus brokerage fees. So if the magical buyout occurs before that date you could make a few bucks. Seems a much less risky bet at this point in time than staying long, given there's a good chance the shares will continue to slide downwards. Nobody likes or trusts Mark Thompson anymore.... as he continues to draw his $9 million salary until the coffers are empty.     
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