Concordia Healthcare Corp. T.CXR.R

down over 6% today to $32.03

[bull_man]

honestly people, does this look like a stock that will be bought out at $50 - $58, given all it's apparent "insider" knowledge that the transaction will take place between $50 and $58 canadian? guys, if a deal comes in at $50, let's jump all over it; if apollo walks, a buying opportunity in the mid-20's will surely exist....and then fundamentals will finally take over; i'm still weiry that the stumling block will be the massive debt load (hilary victory looking good as well, so double wammy).....as per my free cash flow example last night, an 18-year payback with free cash for the buyer's investment in CXR and inherited debt, assuming everything remains constant, is a very very long time; however CXR will grow, so that 18-year payback could/will diminish rapidly; hoping for apollo buyout, however a chance to buy in the mid-20's could be an opportunity of a lifetime.....and by the way all you pumpers, where did that "nothing lower than US$55.00" tough talk disappear to???

[sunshine7]

bull_stuff, your 18year calculation was discredited last night. Did you not learn anything or do you really care?

[bull_man]

hey sunny, you obviously don't understand free cash flow; for starters i'm a CA so i know more than you what free cash flow is; secondly, look up the simplistic definition (given you're a simpleton) and then go to concordia's financial statements and do the math; thirdly, everyone and his grandmother on BNN has discussed their 300M annual free cash flow....what more do you want

[sunshine7]

you used fcf $300M in context of return for PE who buys company plus debt. Current fcf includes debt obligations which goes away if they buy the debt, so don't call me a moron.

[bull_man]

sunny boy, free cash flow is money remaining after you deduct cash from investing activities from cash from operations = cash remaining to pay down debt (in simplistic terms)...free cash flow does NOT include paid down debt; what don't you get....moron??? you go around talking as if you are such a financial guru, and you're not; go to bed and stop staring at the CXR billboard all day long

[Hrundi]

Bull Man  ...you may have addressed this sorry i am to lazy to read all messages (and to lazy to capitalize the "i".....) But assuming there is a PE firm out there with ability to borro money at way lower rates(lets say 5%) or even lets say that they have money in bonds or tbills earning even lower...would it make sense to add back the savings in interest costs back to FCF? What

[adamchess]

hi bull_man, I am an accountant and also have no idea how you arrive at an 18 year timeframe for a PE to get their payback. Even if we say we use the $300 M to pay debt in about 10 yrs, then in 10 years we are debt free with at least $10 per share fcf. Even given required return of say 10%, then value is $100 USD. If we add simple 5% revenue growth, then add another $50 USD. That is a pretty good