Post by
HedgeFunder on Sep 07, 2016 1:43pm
What Concordia Healthcare needs to do "right now"?
1. Go public and say that you're reorganizing your board and looking for a new CEO.
2. State a drafted version of a strategic plan, subject to review by new Board and new CEO.
3. Give traders a timeline - how long will restructuring take?
4. What plans do you have to increase sales and lower debt?
5. Communicate with the public on a weekly basis (and always focus on positive, while acknowledging negative).
This should be enough "for this week." Earnings "trust" takes time. Example is Valeant.
Comment by
notwrong on Sep 07, 2016 2:39pm
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Comment by
Lumberfeverlong on Sep 07, 2016 3:17pm
You our know you can't just start selling a generic drug. It too requires FDA approval for bioequivalency, although much faster than a patented drug. Anyway, Cxr should license other companies' patented drugs and market those internationally for a royalty give its large distribution network now. That is a more likely licensing deal for them.
Comment by
PROtrading on Sep 07, 2016 3:22pm
And you do know that one way to end price gouging by drug companies is for government to fast-track approval of generics. The headwinds are so strong here that as has you piss in the wind with your armchair CEO ideas, it's coating you all yellow.
Comment by
Lumberfeverlong on Sep 07, 2016 4:48pm
Nice to have a former short on the long side. I'm sure we will have plenty more soon...