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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > Time For Mark Thompson To Go......?
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Post by Register123 on Aug 12, 2016 5:29pm

Time For Mark Thompson To Go......?

I wonder if those institutional investors with signficant holdings in CXR and/or "independent" Board members will make a move and ask Mark Thompson to resign, similar to what Valeant did with Mike Pearson.....?.........Mr. Thompson dropped the ball IMO......  Time to get a new CEO who won't destroy shareholder value by being overly optimistic,  overestimating earnings and prospects for the company, then making excuses when their rose-coloured glasses outlook is proven wrong.............Once the debt hit the fan many months ago, I couldn't believe CXR didn't cut the dividend immediately......Also, the large percentage of votes withheld for Mr. Thompson at the most recent AGM set off warning bells that a significant number of shareowners didn't have much conficence in Mr. Thompson.........If CXR gets the right guy in there who earns the trust of the market, perhaps the share price will rebound and the company can get itself in good enough financial shape to be bought out by a private equity firm at fair value.......
Comment by Mulaman1 on Aug 12, 2016 5:45pm
This post has been removed in accordance with Community Policy
Comment by janissary67 on Aug 12, 2016 5:56pm
He will be ousted from his post soon in the next meeting of the angry shareholders.
Comment by Mulaman1 on Aug 12, 2016 5:58pm
This post has been removed in accordance with Community Policy
Comment by kuatolives on Aug 12, 2016 6:17pm
Not a shareholder, but I listened to the conference call out of curiosity. Je$us. I guess you can't really blame them too much for a Brexit currency crash, but the lack of diligence with their drug purchases is pretty inexcusable. What a bunch of bozos.  Also, one of the statements from the guy there where he said [paraphrasing] he "believed the debt level was sustainable." ...more  
Comment by LatticelnExile on Aug 12, 2016 6:23pm
This post has been removed in accordance with Community Policy
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