Concordia Healthcare Corp. T.CXR.R

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Concordia Healthcare Corp. > Mustard

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Comment by rad10on Oct 11, 2016 5:39pm

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Post# 25332658

RE:RE:RE:RE:RE:RE:RE:RE:RE:Mustard

Short the bonds - wtf. That leaves you on the hook for the interest payments. Economic suicide - almost like my mothballed long position in CXR..................

LaticelnExile wrote:

DanKwong1958 wrote: Lati, I understand what you are saying about the bond market, but you have also stated previously that you are short the bonds I believe. If someone thinks that the company will survive, would you recommend to sell commons and buy the 9.5% bonds? The yield (over 15%?) seems like a good opportunity so say if you think that the company is going to be around (maybe you don't but just suppose that you do) then would buying the 9.5% bonds be better than holding the equity?

Dan, I think I have made it clear that I do not believe that the business model is viable. While I have posted information on this board that is short biased and critical of the company, I am not in the advice busilness.