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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by BinTradenon Nov 02, 2016 5:06pm
142 Views
Post# 25418083

Trading days prior to earnings release

Trading days prior to earnings releaseI had a look at some of the trading action of CXR leading up to past earnings releases to see if I could find a trend and identify if leaks in advance of releases were prominent.  Some companies keep pretty tight lids on advance info but CXR pretty much spills the beans 1-2 days in advance normally. So Thurs/Fri trading action will be very indicative of what's coming monday for sure if history repeats itself.  If you take a look at FIT which is down 30% in after hours it has about a 4-5 day advance leak of info on it's news releases.  Last couple of CXR poor earnings releases were on Fridays and this one is a monday so that's an interesting fact as well.  Lots to ponder for sure and then we'll have election reactions as well, a Clinton win is priced into markets but a Trump win isn't, that could do some damage on wed next week should that be the result.  Essentially if analysts/investors see enough cash flow for long term sustainability and debt maintenance we'll be off to the races. If not we will get spanked! I'm betting on the former! Good luck everyone long....and short :)
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