Concordia Healthcare Corp. T.CXR.R

my 2 cents

[kurosagii1]

hey guys,

just wanted to let you know that i was long with an average cost of $35 after averaging down 3 times since the last oct.. i just unload the shares just now, lost over 40k in total

I wsa ok guiding down guidance with regards to forex but

I think the $500m of impairement charges for this quarter is unnaceptable after the CEO said that Q1 was going good back in May. They already know the results for the majority of Q2 (5 months in) and yet they act like everything is great back then. In addition, the new generic nilantron was approved in July and that they took away half billion in asset impairment charges..

and donnatal, was super great in Q1 and now poor for the next 2 quarters... wtf??

i am eating my loss but wont be touching this plague again.

[wordless]

I feel your pain and I sold for the same reasons you did.  Guiding down was expected, the rest of the smelly poo was not.   I just booked a $125K loss.  I only have $15K of gains from trading and selling call options on this, so a net $110K loss on this name.  Thansk MT!  You win some and you lose some.  But I sure am glad I sold at $16 looking at where it is now

[HamSandwich]

Same here, I sold this morning 15 mins after the open for the same reasons.  Took a near 50% loss including averaging down twice.  Sucks. CEO proved he's a scumbag.    Pure scum.