Concordia Healthcare Corp. T.CXR.R

Concordia could fall to $1.00 (Recognia Technical Event)

[HedgeFunder]

According to Recognia's technical analysis lookup from QTrade.ca account:

Concordia International Corp

CXR:TSX

     10.59 CAD, Last Close

Technical Events

1 bullish 

8 bearish - closest target $1.00 - $3.00

See table below for details. This page shows active events - view historical lookup for more.

FUNDAMENTAL ANALYSIS ( terrible ):

- P/E Ratio: NEGATIVE 

- Quick Ratio (Acid-Test Ratio): 0.74 

- Current Ratio (Working Capital Ratio): 0.98

- Total Debt to Equity: 8.87

- Interest Coverage: 1.18

- Net Profit Margin: -82.17

- Return on Equity: -130.53
- Revenue / Employee: $0 (negative)

Caution: EBITDA is not GAAP (Generally Accepted Accounting Practice), so beware how management calculates EBITDA. Stick with pure fundamentals, avoid EBITDA.
 

 

[LaticelnExile]

This post has been removed in accordance with Community Policy

[PROtrading]

Absolutely correct!    Now, these type of "house of cards" can survive a long time but the spot light is on this one and the cards haven't stopped falling yet. Guess who holds the Aces?  The queen!  And the joker?  Some have morphed to knights and have switched colors (this is a US play, let's use the US dictionary).

[PROtrading]

That's when TA really tells  you it's going to have to hit that before we see any recovery. Let's say I was a large shorting hedge fund here (which I'm not, I'm a tiny little fish swimming with these large sharks), would cover now??? NO WAY!!!!  Even from my little vantage point, I'm seeing the sumani coming to flush the remainer of longs in denial, I would come