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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by cg16on Oct 29, 2016 2:41pm
159 Views
Post# 25402064

RE:Total liability is $5.17B, market cap is $250M

RE:Total liability is $5.17B, market cap is $250MPE,  why do the shorts keep saying that the payments to Cinven will not be made? The company announced that the first half will be paid by cash from UK operations in December, and even if its their last resort, they have the new $350m (minus fees) to close Cinven transactions? Unless the CXR management is in cahoots with Cinven to purposely miss them, those payments will be made. Other aspects of the short thesis makes sense to me but this one doesn't. 
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