Save What You Can, Whether you bought at $30 or $3 If you bought at $30, your losses will be 100%
If you bought at $3, your losses will be 100%
Save what you can, I got out when the CEO got out and have fortunately made it back in other stocks. CXRX was the biggest loss I had to take in my life and I regret not listening to the bears sooner.
And remember when the Chairman of the Board (Jordan Kupinsky) sold half a million of his shares at around $4 in November and all the pumpers here on this bull board said what a bad decision he made? Well that is more than 100% upside from what the stock is now. Do you think he knew something in November?
Everyone thinks that the stock is so cheap because it is two bucks but it is actually expensive. The debt is greater than its assets, and don't forget that there is still 100% downside to your investment. With no guidance, and the cap structure crumbling (evidence the bond pricing) how can anyone be positive about this company?