RE:RE:RE:Debt-Free CPH: At 1.5 times its 2020 EBITDA And The BuybackIt seems that we have a couple of haters here who post lies. It seems they bought CPH at $15 a few years ago.
Northface13 alias, get the facts straight. How you made so many inaccurate statements in such a brief comment is beyond me.
How did you miss that those who bought CPH at $1 in 2011, made 1,400% in 2015 when it exceeded $15? Another lie you posted is that
profitable debt-free CPH wrote off $5 million
due to a dumb acquisition. The fact is that CPH wrote off $5 million because CPH lost the lawsuit regarding Trulance,
so it was not because of a dumb acqusition, facts below:
"The issue of whether Bausch Health is entitled to any additional amounts under the Agreement is deferred to a subsequent phase of the arbitration. As a result, the Company will impair approximately $5,400,000 USD in intangible assets related to upfront and milestone payments paid. " Additionally, how did you miss that TRULANCE contributed ZERO revenue to CPH, so it has ZERO impact on CPH's top and bottom lines, facts below:
"Although, we are disappointed with the results of this arbitration it is important to note that Trulance was not currently being marketed or generating revenue for Cipher," said Craig Mull , Interim CEO. "Despite this news, we remain committed to driving profitability, strengthening the balance sheet, and looking for the right opportunities for growth." Northforce13 wrote:
What ur missing is that 10 years ago the share price was the same as it is today. So if you bought regular stocks 10 years ago ur up 150%. If you bought this, ur up 0%.
Cuz they sometimes make really dumb acquisitions then have to write them off, wiping out all their profits.
U shud maybe research these things before you buy, instead of buying then asking others what ur missing.
Like another poster pointed out, the latest write off is 5 mil, wiping out the entire year's profits thus far. Maybe you missed that post. Or maybe you missed the press release from the company.