Concordia Healthcare Corp. T.CXR.R

U.S. Dollar

[donaldspice]

I'm not 100% certain but even though the pound is dropping it is causing the U.S. dollar to rise against it so this will make up part of the loss on the pound seeing as CXR still does a sizeable business in U.S.. If someone can confirm this is true I would appreciate it

[StevieCohen]

Alot of their busienss is in the UK and over a billion in USD debt...this is an outcome I never thought would happen but had an eery feeling with everyone thinking the same, so bought a half position in a tripple gold etf to offset my cXRx position...good luck.  Either sell now, or litterally dont even check since this is going to be extremely volatile. 

[StevieCohen]

ALSO jyst im case some dont know, use sedar.com to search all company statements where you check notes and comments to see what their debt is denominated in etc. 

[wordless]

They report in USD so a stronger USD on their USD sales is irrelevant. 60% of the business is in GBP so lower GBP vs higher USD will serve to decrease their USD profit and Sales.  Their British business operating costs are in GBP so even though Their translated sales will be down, their GBP costs will be down so all that really matters is the profit and cashflow that they convert to USD will

[Stockcoach1]

All very good points. However only 36% of CXR's business in in GBP. 60% is derived from AMco but of that only 60% is derived from UK. The balance of AMco's revenue is in other foreign currencies. When considering that GBP was trading around 1.43 to the USD in Q1 and now it is at 1.37 it will not have a profound effect on 36% of business. In fact the projected growth in the low teens will

[adamchess]

Excellent  points Stockcoach1. Looks like the shorts are busy one starring any comments to counter balance the GBP decline, etc. Thanks.

[HamSandwich]

I don't understand how delusional some people on this board are. We are absolutely getting our sh1t pushed in here and you're worried about shorts 1 starring posts? And how exactly are these posts counter balacing the decline in the pound?  Is it making the stock bounce back? Like I said we're getting murdered, who gives a sh1t what the shorts post on a message board

[adamchess]

Take a deep breathe and a chill pill. You sound like a relation to Lettice maybe?

[Tobuyornot]

Just to keep the knowledgable comments alive. We now have a situation on SH where these are no longer bullboards but short boards. Shorts are actively one starring bulls and 5 starring shorts. Like, why bother?

[wordless]

I didn't know that... So to take your points further, the 60%-36% = 24% of their business in other currencies will actually = more GBP's as the GBP dropped (presumably) vs the other basket of currencies.... So the GBP drop actually has a built in hedge on that front as well. thanks for the clarification. I feel even better now than after I wrote that first post!