RE:Net profit last quarter before writedowns was 72 million$
Fundtrader, I'm a new short and I don't plan to cover. If I put in $20K today, I get $40K in less than six months from the way I look at it by shorting here.
As well, the $72M is a joke considering that $50M of should be allocated (per quarter) for that earnout for that amazing "cash cow" Amco which has yet to deliver and looks like it will never will to glorified expectations! And on top of that Amco isn't deeded to Concordia yet??? Cinven still holds claim to it?
The real "cash cow" are naive CXR investors and debt holders that still stand behind this horrid company and completely broken business model.
The Notes effectively blindside all debt holders and shareholders with that First Lien offer.
Ask your bank if they would allow a new lender to come in front of their first mortgage!? NO! But on the equities markets, it's "ok"? WTF! And shareholders and bondholders aren't horrified???
Are you paid to pump or you are in complete denial and against looking at facts???