Concordia Healthcare Corp. T.CXR.R

My take on CXR part 2

[mingzhu]

1,The biggest positive for CXR is to launch 60 drugs bt the end of 2018, 2 per month on average.
2, short squeeze. CXR has 27% of float short interest, ranked 40th highest short in US

Shorts As A Percentage of Float

Biggest Short Positions | Largest Positive Changes | Largest Negative Changes | Largest % Increases | Largest % Decreases | Days To Cover

Monday, September 12, 2016

Companies where shares shorted represent the largest percentage of float.

	Company	Symbol	8/31/16	8/15/16	Chg	% Chg	% Float	Days to cover	Avg daily volume
1	Insys Therapeutics, Inc.	INSY	16,474,780	15,808,292	666,488	4.2	69.0	21	803,562
2	Cal-Maine Foods, Inc.	CALM	13,346,218	13,591,164	-244,946	-1.8	45.7	24	550,856
3	JAKKS Pacific, Inc.	JAKK	5,781,272	5,902,009	-120,737	-2.1	43.7	39	149,591
4	Altisource Portfolio Solutions S.A.	ASPS	5,223,459	5,142,901	80,558	1.6	43.4	15	359,705
5	BofI Holding, Inc.	BOFI	23,375,947	23,038,062	337,885	1.5	42.0	14	1,685,496
6	Natural Health Trends Corp. - Commn Stock	NHTC	2,900,569	3,004,642	-104,073	-3.5	40.1	36	80,055
7	Freshpet, Inc.	FRPT	7,137,273	7,523,519	-386,246	-5.1	39.2	57	125,992
8	Eagle Pharmaceuticals, Inc.	EGRX	3,656,419	3,714,118	-57,699	-1.6	39.0	9	422,156
9	Gogo Inc.	GOGO	21,973,474	18,994,680	2,978,794	15.7	38.7	24	910,387
10	TOP Ships Inc.	TOPS	336,015	345,027	-9,012	-2.6	37.7	0	750,768
11	LendingTree, Inc.	TREE	2,473,628	2,716,139	-242,511	-8.9	34.7	7	377,986
12	Sarepta Therapeutics, Inc.	SRPT	14,795,498	16,204,551	-1,409,053	-8.7	33.4	8	1,791,054
13	ZIOPHARM Oncology Inc	ZIOP	38,909,971	39,044,106	-134,135	-0.3	33.0	23	1,661,130
14	Power Solutions International, Inc.	PSIX	1,558,827	1,511,599	47,228	3.1	33.0	16	97,787
15	GoPro, Inc. - Class A Common Stock	GPRO	30,848,133	30,539,623	308,510	1.0	33.0	5	5,671,794
16	Air Methods Corporation	AIRM	11,407,903	11,542,671	-134,768	-1.2	32.8	40	285,799
17	Ubiquiti Networks, Inc.	UBNT	7,789,709	8,099,907	-310,198	-3.8	31.8	25	311,372
18	Ebix, Inc.	EBIX	6,698,840	6,218,804	480,036	7.7	31.5	36	188,651
19	SolarEdge Technologies, Inc.	SEDG	7,776,882	7,654,269	122,613	1.6	31.5	14	549,936
20	Spark Energy, Inc. - Class A Common Stock	SPKE	1,945,150	1,905,803	39,347	2.1	31.1	8	241,548
21	Encore Capital Group Inc	ECPG	7,730,017	7,812,702	-82,685	-1.1	31.0	43	179,790
22	Egalet Corporation	EGLT	3,618,284	2,781,243	837,041	30.1	30.5	17	208,556
23	Heron Therapeutics, Inc.	HRTX	11,716,151	11,110,892	605,259	5.5	30.3	21	569,943
24	Conn's, Inc.	CONN	6,474,739	6,224,011	250,728	4.0	30.1	15	432,796
25	MannKind Corporation	MNKD	95,640,324	87,818,722	7,821,602	8.9	29.7	20	4,864,196
26	Clovis Oncology, Inc.	CLVS	9,810,111	8,692,848	1,117,263	12.9	29.6	2	4,294,081
27	Ocean Rig UDW Inc.	ORIG	12,404,024	14,077,029	-1,673,005	-11.9	29.4	4	3,494,073
28	Marriott International - Class A Common Stock	MAR	57,252,281	56,967,494	284,787	0.5	29.4	25	2,283,979
29	Innoviva, Inc.	INVA	22,403,118	23,221,460	-818,342	-3.5	28.9	40	561,890
30	SolarCity Corporation	SCTY	18,662,686	19,915,394	-1,252,708	-6.3	28.4	11	1,764,088
31	Pilgrim's Pride Corporation	PPC	16,663,910	17,755,261	-1,091,351	-6.2	28.4	15	1,149,143
32	Nexstar Broadcasting Group, Inc. - Class A Common Stock	NXST	8,324,181	8,077,964	246,217	3.1	28.2	30	281,075
33	LGI Homes, Inc.	LGIH	4,586,986	4,806,921	-219,935	-4.6	27.2	10	449,848
34	ZELTIQ Aesthetics, Inc.	ZLTQ	9,611,259	10,314,128	-702,869	-6.8	27.2	18	531,875
35	Approach Resources Inc.	AREX	9,840,624	9,317,135	523,489	5.6	27.0	5	1,826,945
36	Advaxis, Inc.	ADXS	9,307,127	9,718,568	-411,441	-4.2	26.5	9	1,041,214
37	Foundation Medicine, Inc.	FMI	3,390,176	3,597,437	-207,261	-5.8	26.4	20	167,964
38	SunPower Corporation	SPWR	15,446,622	16,707,466	-1,260,844	-7.6	26.4	6	2,510,287
39	Immunomedics, Inc.	IMMU	23,483,869	23,793,619	-309,750	-1.3	26.3	26	913,623
40	Concordia International Corp. - Common Shares	CXRX	10,767,065	12,590,739	-1,823,674	-14.5	26.3	9	1,134,231
41	Credit Acceptance Corporation	CACC	2,665,840	2,625,184	40,656	1.6	26.2	13	208,080
42	Lands' End, Inc.	LE	5,201,174	5,321,856	-120,682	-2.3	26.2	29	181,984
43	Kona Grill, Inc.	KONA	2,361,244	2,567,438	-206,194	-8.0	25.9	29	81,939
44	XBiotech Inc.	XBIT	3,745,738	3,765,092	-19,354	-0.5	25.9	25	148,997
45	Aduro Biotech, Inc.	ADRO	6,415,762	6,146,893	268,869	4.4	25.9	19	343,166
46	magicJack VocalTec Ltd - Ordinary Shares	CALL	2,687,631	2,666,048	21,583	0.8	25.8	18	148,922
47	Renewable Energy Group, Inc.	REGI	9,488,148	9,526,147	-37,999	-0.4	25.3	23	407,172
48	Hibbett Sports, Inc.	HIBB	5,580,078	5,519,983	60,095	1.1	25.2	10	567,448
49	Reata Pharmaceuticals, Inc. - Class A Common Stock	RETA	1,212,610	831,661	380,949	45.8	25.1	15	83,583
50	Stamps.com Inc.	STMP	3,951,306	4,460,492	-509,186	-11.4	25.0	9	450,002

Sources: FactSet Research Systems; WSJ Market Data Group

If there is slight change of sentiment, we will see short squeeze quickly and push SP sky high.. CXR is highly leveraged. As some anaylist points out 25% change of PE ratio, CXR can be $1 or $22 . I am on the $22 side.

3, There is no reason to believe qtr 3 fiancials will be much different from qtr2. or may be slight down of revenue in North America since a generic cpmpetitive drug of another company was launched in july.

If there is no more big negative coming out, $5 is the bottom. We will see gradual recovery in next 2 months till qt3 financials come out.

There are so many negative posts on this board, a sure sigh of price bottoming.