Concordia Healthcare Corp. T.CXR.R

CXR dropped from two indexes today, end of day

[heavyvolume]

S&P/TSX COMPOSITE DIVIDEND INDEX
S&P/TSX COMPOSITE HIGH BETA INDEX

This usually means that fund managers will get notified that the stock no longer meets their criteria.  Does anyone know how many days fund managers have to exit a stock that is no longer in these composite indexes.

It seems that a number of quoting system still has Concordia paying dividends even if that was cancelled during the last quarter. How long does that take to be corrected.  I can imagine a number of investor reviewing this during the weekend maybe holding on hope if they think it still pays dividends?

I only see more downward pressure here. And the boulder just picked up speed today going down the hill?

This was announced on the 9th but is in effect as of the close today.

https://www.marketwatch.com/story/sp-dow-jones-indices-announces-changes-to-the-sptsx-canadian-indices-2016-09-09-17202150-1477275996

[domcolumba]

BNN Market Call guest analyst on Wednesday evening told a caller not to touch CXR. Good call. He told the caller that the market is telling investors that there is some thing seriously wrong with Concordia. He gave very good advice and hopefully the caller followed it. Another Valeant even worse. A Aaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhh

[JustHarry1958]

This  guy on BNN today called it right back in the spring when he had a sell rating.  At least he has had a consistent rating on the stock and not like some of the analysts on BNN that say buy one day and they are dumping the next month.   This analyst is a forensic accountant and you can not get his reports on Concordia without a subscripton -- and that is only available to