OK - what we've been discussing for a while here ... ENDOThe floor is breaking away and finally everyone else is seeing the disaster that is ENDO.
Not sure why analysts were still giving this company growth targets on share price - guess I'll never understand that. Share price at 56 cents - might as well be zero.
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- Endo International (NASDAQ:ENDP) has begun negotiations with its lenders and senior bondholders seeking a possible reorganization of more than $8 billion of its debt, The Wall Street Journal reported on Wednesday, citing people familiar with the matter. (Seeking Alpha)
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Make no mistake - not saying GUD will buy the 69 drugs selling in Canada under the International banner - but - I'm sure they are sniffing like no one has sniffed before. Being able to say they united Paladin (CDN assets) with Knight assets would be the funniest thing I've ever seen.
The assets are only worth $100M (USD) in annual sales - if that - but no one knows how those assets could get back on a growth curve like our friend Samira - team has been intimate with those drugs. It just might not be worth her while, unless the price was right.
Hahaha ! Funny how badly ENDO blew the whole thing up.