RE:NEWS!!!! CEO is OUT!I am out of this stock and lost a lot of money. I held on as I thought that the strategic review will be positive for shareholders. ( straegic alliance with another firm or buyout). Never would I thought that it was going to be a financing deal. CXR has liquidity issues.? Unbelievable. MT is just trying to buy time to save his own skin. He is now betting that the 60 new products will drive the growth forward as increasing drug prices is no longer possible to increase revenues.
I now understand why he did not come out to defend his company against the short attack, cxr was in danger the past 6-9 months.
LAst and final point, I found it almost an ******** to write off almost 1bn on Q2, after acquiring Covis after only 1 yr. BLame it on new competitors or whatever suits you, but the SELLER was not stupid in that transaction. To all the longs, make sure you research AMCO drug portfoilio and it does not turn out to be a Covis 2.