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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Health123on Nov 22, 2016 7:38pm
148 Views
Post# 25499104

RE:RE:RE:RE:RE:RE:Almost $500M in the Bank

RE:RE:RE:RE:RE:RE:Almost $500M in the Bank
JoeDev wrote: Thanks Man. Anything helps. Got burned a few times. But I like to take chances. When you look at vrx. It went down than up again several times. Was hoping at 3 bucks + it would bounce to 6 or so with the Trump rally. Shoulda dumped at 4.50 maybe or maybe someone is loading up. These halts should have to publish what the news was that caused the halt...shouldn t they??


VRX is more contentious as it falls.   They have assets that they can divest (Salix, Bausch and Lomb) ... Not so much the case for Concordia because they bought "old, unloved" drugs as part of their business model ...  then jacked up the price.   Because Ackman is masterful at PR, they have more help with the "up" and a lot of AM's are still buried.  In CXR's case, almost everyone who was bullish in the past has thrown in the towel (and there are still some bullish analysts - such as David Miller - on Valeant).  Even the chairman of Concordia' s board of directors has liquidated over 90% of his common shares since the q3 earnings were released Novembet 7th.  If a Halt is due to pending news on request of the company, it is news released by the company.  In this particular case, nothing has been released by the company except for private emails sent by IR to investors who queried the Chairman's recent stock dump of his shares.
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