RE:tweet tweetCohodes is short, I'm short. He should be very happy with Thompsons performance as I am. What other company gives you a debt to ebitda target of under 5, then guides down and revises it to 6.4, then after months of strategic review and huge fees to a consulting company adds MORE debt to drive it over 7 within weeks of the last clusterfuuck! You can't make this stuff up. Now no funds are likely to touch it and it has become the prime taxloss selling candidate on both exchsnges it trades on. I can't remember seeing such wealth destruction so quickly ever. Almost every money manager recommends a sell or don't buy, analysts are regularly revising down targets and the regulatory headwinds suggest things will only get worse. Even at this price its pure speculation that the portfolio will stop declining, they won't write off more and the Nhs bill won't affect them (yeah right).
thedave2006 wrote: Marc Cohodes @AlderLaneeggs 21h21 hours ago Concordia has 200 mill Market Cap and a mere 4 billion in Debt. Does Thompson deserve 9 million a year USD?