Valeant Reports tomorrowValeant has a chance of meeting analyst expectations tomorrow. Are you going to just sit buy twiddling your thumbs for another month until Concordia reports and likely will have more write offs.
Valeant has some hope and actually has some products that they can divest.
I don't think Valeant bonds EVER traded at a 30% yield. So its looking like even Concordia's unsecured bondholders don't think that they will get paid.