Concordia Healthcare Corp. T.CXR.R

My take on CXR part 4

[mingzhu]

formula to calculate possible takeover price
550 m earning * 7.9 multiple - 3.2 b debt /52 m shares= $ 22

the variable is 7.9 multiple which  is industry standard. If you are negative , and say 7.9 is too much , then take 25% down,  to 5.95:

550 m *5.95- 3.2b/52m=$ 1.39

This is how CXR can be either $ 22 or $1. Make your bet.

Valean is down over 90 % like CXR but it recovered from $ 24 to $40, 60% recovery from the low during a quiet period. I wish and expect a quiet period of couple of months for CXR.So no news is good news. Minimun 50 % recovery from the low is likely. And good news is great news. It may have 300 % shotup.

[cg16]

MZ, something I don't understand, if your math is correct (which it may be) how did CXR raise money at $65 US when the projected ebitda at the time was $620-650m? Even stranger, the supposedly shrewd  Cinven took over  8m shares at $89 US? What multiple were these 2 groups using.. wow..and why? No one would know the possible headwinds coming and Amco's fair multiple better than