Don't Drink the cool aid-i don't want to spam this forum, but i just wanted to point out how misinformed some of these geniuses basing this stock are
-one poster suggested that Valeant is a much better investment than concordia. suggesting that concordia will fail, fall into the abyss while valeant will gobble up the rest of the market
-valeant has 30 BILLION DOLLARS IN DEBT, has fallen from $300 in value to $21 in value in less than 2 years. it is also looking into having to sell off its assests and do major divestments in order to pay off its debt (an consider how much of that will just go to interest)
-concordia has only 4 billion dolalrs in debt, has paid off around 100 million of that in pure cash a few weeks ago with no need for any sort of divestment. it also has spent millions of dollars on research to develop new medicines. on top of this the company has an estimated 1 billion dollars in assets while its market cap is only around 100 million (the definition of undervalued) if you people legitmately think concordia can go bankrupt with 4 billion of debt with some of it already have been paid off. Valeants prospects should be burreid next to the earths core.
But what do i see when i look for news on valeant? "wait to buy this stock", "worth much more than current valuation" "price target over 30 dolalrs" SCAMS SCAMS SCAMS. these anayslists are deluded. concordia is "worth much more than the current valuation" concorida is!