Post by
Register123 on Aug 17, 2016 4:04pm
Here.....We......GO!
From an article entiteld "Concordia International Corp.’s Latest 50% Drop Is Attracting Some Institutional Investors" by Scott Brand on Motley Fool: "A signal that the company's stock could be oversold is the growing interest from private equity firms. This week famed billionaire investor Steve Cohen's firm, Point72 Asset Management, filed a Form 13G with the SEC reporting that it had acquired 5.8% of the company's outstanding shares. It may be a long shot, but a possible acquisition shouldn't be ruled out once there is some more pricing certainty in the industry. Earlier in the year, the company was the target of a potential takeover by the Blackstone Group LP, which priced the company at $2 billion, or $38.65 a share.Value investors should place this stock on their speculative buy list and monitor its trading activity. It may remain out of favour in the near term, but once the dust settles, there could be significant upside potential."..........
Comment by
select1011 on Aug 17, 2016 4:12pm
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LaticeInExile on Aug 17, 2016 4:18pm
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LaticeInExile on Aug 17, 2016 4:21pm
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