Concordia Healthcare Corp. T.CXR.R

Bullish!!! Financial Detail Summary and Stock correlation

[greatplay]

Summary from company history (below), in 2014 total value (assets-liab) was $257,550, stock price was $40; 

Currently total value is $367,429 - stock price $9;

In addition, if we remove impairment last column we see that net income was only -8 million,

if not for BREXIT, it would have been a healthy income, so company did a swap to resolve the issue for future.

Company is pretty healthy and growing in income and size; stock fall will be just a blip on stock chart in future.

 

                            2013             2014       2015          2016 (q2 - 6 months)  2016 (q2 without adj)

Revenue            40,447      104,941      394,224       460,247                        460,247

Gross profit        32,109      90,300        333,862       337,459                        337,459

Operat income   13,985       28,351       80,451        (434,124)                      132,952

Net income         2,431        8,895        (29,425)       (575,185)                      (8,109)

Total assets        170,765    592,700     5,276,062     4,349,554                     4,916,630

Total liabilt          109,243     335,150     4,119,854     3,982,125                     3,982,125

 

Assets-Liab        61,522       257,550       1,156,208      367,429

 

Stock price:(01/2014)$12  (01/2015)$40  (01/2016)$40    (06/2016) $9

 

Liability decreased within 6 months (12/2015 - 6/2016) by 137,729

 

Impairment charge - $567,076

 

During the period, the Company recorded $306,189 impairment with respect to Nilandron® and $260,887 impairment with respect to

Plaquenil® which have been recorded in the statement of income (loss) in the three and six month periods ended June 30, 2016. The

carrying value of Nilandron® and Plaquenil® recorded as acquired product rights intangible assets were written down to $60,654 and

$271,263 respectively. There have been no reversals of impairment losses or any previous impairments recorded with respect to acquired

product right intangible assets

 

 

https://concordiarx.com/wp-content/uploads/CXR-Q2-2016-Report-1.pdf

https://concordiarx.com/wp-content/uploads/CXR-2015-Annual-Report-1.pdf

https://concordiarx.com/wp-content/uploads/CXR-Q4-YE-2014-Report.pdf

 

 

 

[PROtrading]

And how exactly will that help them in court?  I can imagine something like this: "Your honor (US court), the head of this Canadian drug price gouging firm transferred shares with preset stop loses just before a known black out period before buyout negociations, they then guided high, then they wrote off a bunch of junk and large funds bailed and triggered his sales.  Your honor he

[Lumberfeverlong]

Pro, sorry to see you on the dark side; you clearly have gone short. Free to do so, but MT shielded himself from nothing by moving the shares to a Cayman company. He is still potentially open to fines for wrongdoing. His holdings in Cayman do not shield him from prosecution. Not one bit. 

[PROtrading]

Lumber, the "dark" side for me are the crooks.  So no, I've left the "dark side".  And yes, I took a "money I can afford to lose" position on the short side.  Cayman = WAY HARDER for law enforcement to investigate wrong doing.  On the markets, they already have their hands full, do you really think they'll go offshore when it's way

[greatplay]

Nice! for moving to short camp! I really like it, because it shows capitulation and that's the last sign that we are at the bottom. Usually when stock goes down by 1-2% on daily basis and reversal happens, it's not 1-2% :) Usually it's 10-20%... Regarding the darker side and addressing the other shorts... Shorting is a legal financial instrument, used to have many rules, but they

[LaticelnExile]

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