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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by TraderBenon Nov 22, 2016 8:49pm
154 Views
Post# 25499400

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Almost $500M in the BankOh and be quick.  There is a pool going on when they file for Chapter 11 and one guy just said Thursday.   I'm not sure if he meant this Thursday, lol.

TraderBen wrote:
JoeDev wrote: So you don t think this new CEO who just sold a company he had is capable of finding some company to maybe take over CXR. CXR could sell some of its assets and cover some debt. And make it a little more attractive. Copper is keeping my head above water. Vectorvest said HBM was a sell at 4 bucks + last mth... I held on and look at it now. I know its a long shot...cxr...but I like to gamble...a bit. Lol


Trading copper is a lot different than a drug company that isn't linked to the price of a commodity.  Concordia was up for sale from March of this year in case you didn't know that and no deals were struck.  The recent note offering was the last resort when they couldn't sell themselves.  if you are a skilled trader, you may be able to make some money but it is consensus even among most pro traders that it is a piece of Sh**



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