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

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > Potential New CXR Partner
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Post by Lumberfeverlong on Sep 01, 2016 9:07am

Potential New CXR Partner

I have been trying to figure out who would be a good partner for CXR from a merger or cross-marketing perspective.  I think Knight Therapeutics would make a good parner.  Good portfolio of proproietary or licensed drugs and loads of cash with limited international distribution network.  Any thoughts?
Comment by Craigbad on Sep 01, 2016 9:25am
Goodman from Knight already talked about this on one of the last conference calls. He said he figured there would be a fire sale early next year and has the cash ready to deploy to pick the bones. He alluded to companies who overpaid and overleveraged for weak assets and figured they would collapse before too long. He didn't specifically mention cxr, but they certainly fit the profile. He is ...more  
Comment by Lumberfeverlong on Sep 01, 2016 10:22am
Craig BAD, I'm waiting to meet Craig GOOD one day.  I imagine that will only be once you cover and go long, which will not be too far in the future.  CXR is not close to being insolvent. They have a payment hump to Cinven this year, but as I have already set out over the weekend, they will still have $50M of extra cash at the end of the 2016 and a $200M undrawn credit facility.   ...more  
Comment by Craigbad on Sep 01, 2016 10:36am
I admire your loyalty to th stock, but has cost you dearly. I encourage you to go back and read the call transcript from Goodman on seeking alpha. He raised his cash hoard to buy assets for pennies on the dollar, not partnerships. There are numerous things that can happen any day that can tip this delicate scale between survival and not surviving for this company. Only one needs to happen. If you ...more  
Comment by greatplay on Sep 01, 2016 10:43am
Stock brockers are buying now. About your opinion is worth little without pointing to documents, not your words
Comment by Lumberfeverlong on Sep 01, 2016 10:46am
The only stakeholders that would get the assets in a restructuring are the bond holders. Unless Knight buys the debt on the open market, there is no buying assets on pennies on the dollar. Knight does not have that kind of capital (over $3B).  The play here is either a merger or commercial marketing/distribution relationship.  quote=Craigbad]I admire your loyalty to th stock, but has ...more  
Comment by greatplay on Sep 01, 2016 10:56am
What bankruptcy you are talking about? Company is profittable, it makes money; it has big loss recent quarter, but it wan't a real loss, it was an adjustment due to drugs being downgraded, so it means company screwed on previous acquisition. So what? it paid with its shares... It paid 4.7 BLN, it has debt of 3.2 BLN I don't know details how they did it (shares, cash, etc), but Concordia ...more  
Comment by LaticelnExile on Sep 01, 2016 11:10am
This post has been removed in accordance with Community Policy