Concordia Healthcare Corp. T.CXR.R

No liquidity issues through till 2018

[Chindis]

Slide 37 of the latest investor presentation, shows that the payout for earn-outs/loan repayments, for the 9 months to March 31 2017 to be $246 million. It is only another $70 million, for the next 9 months to Dec 31 2017. 2018 is only $47 million. With the new raise of $330 million and cash in hands of $145m at June 30 2016 the cash balance is $475 million. Less the payouts to Mar 31 2017 of $246 million - remaining cash balance of $229 million at Mar 31 2017 + profits after interest generated. So no liquidity issues through 2018. Could the board be thinking of announcing a share buyback of $100million - over $40% of the current market cap. Stock price would start to recover very quickly!!!

Bottom line: if the banks are prepared to lend another $350 million, and they have access to significantly more data, CXRX is not going bankrupt anytime soon! 

Dont listen to the absolute garbage posted by the bashers on here.. definitely wouldn't be sellin shares at this price.. glta longs 

[Stockslut1]

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[LaticelnExile]

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[ConfidentDD]

Hey Lattice. although its a little unlike you to be indelicate, that was a good reply. That last note offering was Paris 1919 for Concordia. It raised US$350M for a company with a US$187 market cap. I bet all debt holders took positions, ahead of bankruptcy protection. Sachs got fees. Cinven's 7.2M shares will be worthless. The notes were Senior Secured First Lien Notes...."take all notes

[greatplay]

Latice, you maybe smart, not like us idiots, but you are on crack... you are saying gibrish words... company sold notes for $350MLN, and you somehow connected dots to $200MLN... Different amounts... I read Notes Sedar filing and they aren't pleasant, but they aren't connected to $200MLN bridge loan, I believe company can still get $200 MLN loan, but it probably has higher interest rate

[LaticelnExile]

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[greatplay]

I guess that you are on strong crack and dillusional.... I'm talking about $350MLN USD and you are talking about $200 MLN.... I give no f*** that it can be broken into 2.... You have been always saying that Goldman won't issue $200 MLN revolver / bridge loan... I've read acquisition papers and clearly states that bridge/revolver can be used to pay for October 2016 - February 2017

[LaticelnExile]

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[greatplay]

Latice, again why are you talking about $200MLN, company issued $350 MLN notes and has at least $350 MLN cash on hand.... Taking drugs is serious stuff, you need a treatment...

[SpankedOnPaper]

greatplay, latti is correct on the 2 bridge loans - they were given out in sept last year when Goldman came up short on the equity and the financing was guaranteed for the AMCo purchase.  I can't verify that Goldman sold their part of the bridge but people in the know said on twitter the same thing; and it wouldn't surprise me.  I think you are confusing the two.... the revolver

[greatplay]

Read it up... I read a few days ago AMco acquisition, the bridge loan will be provided to Concordia, if needed for AMco payout, aka Revolver... It's not just Goldman, in the deal several banks were involved.... In regards to 30% of revolver, I couldn't see anywhere convenants, but RBC mentioned that it wouldn't be good for company to draw more than 30%, but I believe the can and

[LaticelnExile]

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[Shortingtozero2]

Latice, I can't believe you even responded to this post.  But  you avoided the gem when he said that its common for a $5 piece of trash to bought out at $30.  I hope you didn't spit your Seaspray into the computer screen when you read that laughing. The denial here is incredible, and its true that the shitttier the stock, the baggier the bagholders.  Stick to twitter

[LaticelnExile]

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[greatplay]

Latice: I didn't say that it will be sold for $30, I have personal exprerience with company that was shorted to $5 and acquired for $30. I never said so, I believe company is oversold by shorters and if a good news comes in, it can go to $30... Also I believe that company's fair value around $15-20 USD

[SophiaCheng22]

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[juniorbullalive]

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[CounterAttack]

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[Marky1]

Chindis....Super nice blog...I so agree with you..The company is NOT going under any time soon...It would be wonderful to have a share buyback at this cheap level,..That would make thr longs happy and the shorts running to cover! They've made enough money on our misery...Perhaps they'll buy the shares and go long from here on!!!

[Craigbad]

I hate to break it to you but there are not many shorts planning to cover. Things have only gotten worse since most positions were taken. They have reduced guidance, added debt and reduced cashflow with more high interest payments. I don't even have to cover the dividend payment anymore as the company has cut it. The common shares are worthless imo. If the long thesis is banking on a short