Concordia Healthcare Corp. T.CXR.R

Market cap approaching 200 million..this is ridiculous

[fundtrader]

cxr is going to have almost 480 million in cash next week and 200 million in account recievables. Cxr has almost got 900 million in revenue, with adjusted ebidita over 500 million annually. This is worse then panic selling. Drop in pound has created this stupidity, but they are well hedged, i am suprised whe we havent seen a hostile takeover at these levels.

[LaticelnExile]

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[Craigbad]

Once they close this new note deal, debt to ebitda ratio should be pushing over 7. I'm actually hoping for another long squeeze as it may be becoming too risky for any value managers who may have picked some up. They may want to get out before the tax loss selling, law suits and Nhs bill comes in.

[rad10]

In fairness Craig they do state that the leverage will remain at 6.2  It is difficult to believe anything anymore but the bottom of page 7 on the roadshow presentation is pretty clear.  Either way its not pretty

[Craigbad]

I understand the confusion. They have based that on pro forma numbers from end of June and have since guided down. Very misleading. Its a joke really. Their updated number before the additional debt and after reduced guidance was 6.4 or below. Add the additional debt and its over 7. They aren't fooling anyone but fundtrader! Lol from the company before note offering The

[LaticelnExile]

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