Concordia Healthcare Corp. T.CXR.R

Just in

[peter75]

Cxr is selling a piece of pharma to merus labs in england
sems the buyers don't want all of England

[Craigbad]

They must be selling at half price. Merus only pays 5-6 x ebitda for assets and Cxr paid double that. Not a good sign.

[sunshine7]

We all know that the multiples being paid for assets is lower than one year ago. Also, the multiple depends on the quality of the assets... i.e. cash flow contribution. CXR under PE can take advantage of the discount given to pharma assets at this time if they were within PE.

[Craigbad]

Well, looks like Apollo blew their cash on Diamond so the rumors of Cxr divesting assets to Msl kind of makes sense. Hopefully we get another pop to sell into, but with end of the month fund selling it looks unlikely. msl may get a smokin deal with the currency if its true.

[Lattice]

This post has been removed in accordance with Community Policy

[tag]

Marc, Marc, Marc.....  things like DRII happen in threes.  Hope you're ready.

[wordless]

Private equity would not want to pay the price that CXR wants. They were circling hoping for a deal given the drop in share price. They can't even layer on cheap debt as CXR is already leveraged to the max with non-cheap debt. I find Roller's weekly calls for a deal announcement amusing. Unless someone is willing to pay north of $60USD I doubt the board would endorse it. Appollo could go

[Lattice]

This post has been removed in accordance with Community Policy

[wordless]

We can can agree to disagree. That's what makes a market. I'll patiently await earnings. In the meantime, I'll read this board for entertainment value only. Some interesting characters on here.

[peter75]

I agree with you wordless, however raising cash and strength on the balance sheet will make bond holders happier Shorts love levered companies

[Lattice]

This post has been removed in accordance with Community Policy

[visionaryfool]

Financial engineering I disagree with. Cash is cash and drugs that sell are hard to argue against. Overlevered - yes, fraud - no.

[TickerTwit]

And 'financial engineering' can usually be unengineered. If I don't like CXR's version of "Adjusted EBITDA", I am free to adjust EBITDA any way I like and then analyze my version. I do this routinely for the companies I follow (I work with real cash flow rather than adjusted EBITDA, but the intent is the same), mainly because the bank analysts seem to swallow ad-hoc

[Lattice]

This post has been removed in accordance with Community Policy

[Lattice]

This post has been removed in accordance with Community Policy

[peter75]

my source is pretty good  and merus , Msl volume was three times normal yesterday time will tell Crh medical my largest holding 35 thousand shares is up big today

[Rodentrunner]

I wish you clowns would once and for all STFU!!!!!!!!!