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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Craigbadon Oct 04, 2016 10:41am
58 Views
Post# 25306490

RE:RE: If insiders don't BUY at these lows, why should you?

RE:RE: If insiders don't BUY at these lows, why should you?In my opinion, this latest news "leak" confirms the headwinds will be worst than expected and the company is facing a liquidity crunch. There is little hope of PE injecting money into this for an unsecured position to pay off high yield secured debt. The math makes no sense, as I've tried to even see a glimmer of hope in it....just doesn't seem to be there. The company holds no cards for any negotiations, as PE has already walked away from a buyout and a cash injection seems even more unlikely than a buyout. There is blood in the water here and in the likely event that PE walks again, the end could be near, or they wouldn't be so desparate for cash. Jmho
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