Concordia Healthcare Corp. T.CXR.R

scotia bank - involved in deal?

[puma1]

Scotia had released various reports for CXR and i think their last update was April after they had taked with mgmt more and done some onsite DD with Amco. i know a few posters had referenced the reports over time here - not the short and distort group of course as this was a serious report from a PHD holding analyst -  it was a particularly good series of comments and the Scotia target was and remained at US$55.

anyway, they pulled the report off their site : it was either early this week but it could have been last week.

usually the houses do not pull their reports on stocks before simple updates; Usually the reason for the pull of a report is becasue the other side of the firm is invovled in a transaction with the particular company and they want to distance any conflicts. Last stock i had where the report was pulled was Corus Entertainment where RBC suddlenly pulled and stopped updating their comments for a few weeks and then we find that RBC was a lead bank in the Corus/Shaw deal.

anyone else notice this at Scotia ????????????

[OscarTheGrouch]

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[fdfd12]

I don't think so Oscar. Puma has had very intelligent posts over the past few months. Thanks Puma but I don't know what this means.

[Lucky27]

Noticed the same thing. Checked often after Scotia presentation. Yes it was pulled. Something is up. Scotia is involved IMO.

[Lattice]

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[visionaryfool]

I think we agree that the timing of the acqusition was not ideal. If they had closed a month before, I doubt they would've had any issues at all but September happened to be the witching month for pharma. They still have a ~$200M line of credit (if memory serves). I don't think an equity raise is in the cards as there is no need for it. They are servicing their debts and no signifcant

[Lattice]

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[visionaryfool]

Not sure I follow the 2 year contingent paper. Their total contingent payment at full payout to AMCO is $200M due later this year with an option to defer half till early next year. As of Q1-2016, the Company had $175M in the bank (lets take out $25M for the recent acqusition so about $150M with acqusition included). Company generated ~$23M last quarter all in (including contingent payment of $19M)

[Lattice]

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[Pj1958]

LETTUCE.... And if there is no equity offering , will you change yours?

[Lattice]

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[Pj1958]

LETTUCE.... You didn't answer the question I asked you , which is also the offer you made to visionary fool.... The offer related to equity issue.... once again.... Will you change your short thesis is CXR does not issue an equity offering? Its a YES or NO answer.

[VeggieHater]

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[visionaryfool]

I wish I was short on this when it was $60. I've been long since last August. Luckily I wasn't in big but my average cost is significantly higher than the current price. I'm only interest in making money. I would've LOVED to buy this stock at $30 and not worry about it because I believe downside is min compared to upside.

[Stockcoach1]

Lettuce- you are on my ignore but at times I read your posts, as in this case when someone quotes you. If you truly did your research on the Cinven payout then you would realize it is based on performance hence the term "performance payout". Neither you, nor I or anyone else in the public domain knows the triggers in the agreement. However rest assured that if the assets purchased do

[visionaryfool]

Fair. Yeah, if there is an equity offer, I'll view management in your light. Pls don't confuse me with a Thompson wannabe.I have more faith in their auditors than I do in management. I believe PwC would test for channel stuffing as it is a common test. The receivables would have to have been vetted or PwC would NOT sign off. The receivables are too material to not be tested. PwC also has

[Lattice]

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[TickerTwit]

I do not trust auditors. It's another industry, but Deloitte earned a lifetime "Approval Withheld" from me for its role in the Nortel spectacle. .

[Lattice]

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[visionaryfool]

Not sure what your backgrounds are but audits are not designed for frauds. The theory goes that if someone whats to do fraud, they will. The audit is meant to give investors some comfort over the balances. Audits are done using statstic sampling for most part. If management is comitting fraud, they will find a way to do it. The underlying basis is that managemnt is NOT committing fraud. Lattice

[puma1]

and i might add for those who can't spot Lettuce's lies in the below - the Institues have standard wording regulations for the change of an Auditor. whatever way the letter from PWC was worded and the response by Collins, it was all done using standard auditor acceptance terminology. no one uses different wording as it opens the firm to possible action by the company/client.

[Lattice]

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[puma1]

the only auditor change notices that are of any relevance Lettuce are the ones issued by the Auditors - because if there is something fishy going on, it will come out of that communication. Honestly, other than a short and distort paid basher, no one else gives a rats @sss what news release was issued by the client when the Auditor's change. Hopefully the distinction that you raised below

[Lattice]

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[WillyWally]

Lattice, don't you feel the wind of change? Did you see the final minutes of trading? You'll tell me it means nothing. I'll tell you, it's upward pressure building up. Come to the light side for a while, you'll be happy you did. You already missed out on 10%+ gain. I must admit I had a few drinks so what I'm saying might sound silly but it's the start of a holiday where

[Lattice]

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[puma1]

i think we have stupi Lettuce posting - put out the facts and smart one sometimes has comments that might relate - stupid Lettuce says "i know you are but what am I" dig around and grab the email with the new script Lettuce or they might not pay you for today's stuff.

[visionaryfool]

Ultimately, what fell Valeant was the scrutiny from the public. Lets see how an mining company would feel about if all of a sudden every animal they killed, habitat they destroyed, people they bribed was now on every news channel. No company can survive every one of its business practices under that much scrutiny. What about the banks? The simple difference is that people need to be outraged

[Lattice]

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[GoldBug024]

Lattice, again, just like the NHS petition and the DESI issue, reality is being distorted. It's growth my acquisition. Price increases which are garnering so much attention on were the doing of prior ownership of acquired operations.

[Pj1958]

LETTUCE.... And you my friend got too much sun this afternoon.... Your brain is fried. you have contributed absolutely nothing since you signed up on Stockhouse 3 months ago. You haven't discovered anything that effects the mid to long term probabilities of CXR , and as in the past all you do is keep promising skeletons , but the closet you keep opening has none.

[select1011]

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[Pj1958]

LETTUCE..... Oh so now we are trying to bring back information from 13 months ago.... There has been 4Q released since then.... Grasping for straws are we? You and your short pals are going down. Cover or be covered with 6 feet of dirt. quote=Lattice]TickerTwit,  Most fraud is actually exposed by tipsters, and not auditors. A word on Concordia's prior auditors. When you take a look

[Lattice]

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[Pj1958]

I'm ready for your horseshitt Q4 posts anytime.... That was 6 weeks ago.... What are you waiting for another 13 months to post irrelevant info? quote=Lattice]Pj, I don't think your ready for me to start posting about Q4.   But keep addressing posts to my attention and I can go all day/night if you wish....   [/quote] [/quote]

[Lattice]

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[PROtrading]

This is one hell of a professional bashing job here...  Even scares ME!  LMAO! On the charts front, showing an uptick so hold for now but this is a trader's stock.  If you are an investor, ask yourself why and whether there's aren't any better plays. With the TSE heading into a commodities supercycle on metals and energy, one really has to wonder if these health M&

[YourMindIz]

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[visionaryfool]

Yeah the interims are normally not audited. However, the large A/R balance was there at Y/E so they would have been audited including tests done on collectibility of the receivables.

[intothewest1982]

If you search the the Daily Edge Reports the CXR May 16th research update post Q1 is still there. I think they pulled that short-form report because it was outdated. Might just be updating the commentary or something.

[puma1]

but those reports are for the day only and they don't purge them so i would not infer anything from that point. go to the Quotes and Research where they bundle and comiple all research reporting and the BNS reports are gone - vanished! last time they updated the report they had a sub-title indicating when it was last refreshed - that seems to be how they do things. they do have one of the