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Concordia Healthcare Corp. > The Great Canadian Corporate Disaster of Our time.....

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Post by ConfidentDD on Oct 28, 2016 2:44pm

The Great Canadian Corporate Disaster of Our time.....

...is Concordia International led by Mark Thompson, with CFO Ed Borkowski, head of quirky stuff in the UK, John Brighten, and all the Board, and the bunch at HQ in Oakville. Adam Peeler is the IR chap right? Gosh, he never picked up the phone. Everyone there is getting independent legal counsel - right?

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Comment by Shortingtozero2 on Oct 28, 2016 2:53pm

Fasken Martineau may be quite busy with their regulars these days :)

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Comment by ConfidentDD on Oct 28, 2016 3:06pm

ya, they own.

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Comment by Leoc378 on Oct 28, 2016 2:55pm

Indeed. What a disaster for all the retail investors. Could the experts here tell us who bought all those CXR shares.? Just for the month of Oct, a back of the envelop calculation tells me that there are 18M of shares traded on the TSX. So who bought.?

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Comment by Shortingtozero2 on Oct 28, 2016 3:01pm

Now you're just being silly.

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Comment by Leoc378 on Oct 28, 2016 3:16pm

Yeah. I am silly and what else.? Dumb. Whatever. Thanks for your classy reply.

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Comment by Shortingtozero2 on Oct 28, 2016 3:22pm

Leoc378 wrote: Yeah. I am silly and what else.? Dumb. Whatever. Thanks for your classy reply. Oh come on. That makes you down $100,000 doh. Do you know someone named Marky by chance? Leoc378 image: https://www.stockhouse.com/Stockhouse/images/stars-mask.png September ...more

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Comment by Leoc378 on Oct 28, 2016 3:31pm

Yes. I'm down. What else do you want me to say.? BTW, I am not Marky and please just let you know I am not going to be dragged further in this conversation.

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Comment by Shortingtozero2 on Oct 28, 2016 3:39pm

Well that's good to know Leoc! I was going to ask you to go clubbing with me tonight bue Im afraid that I wouldn't be able to stop laughing uncontrollably at your bagginess.

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Comment by MegaBear on Oct 28, 2016 4:22pm

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Comment by ConfidentDD on Oct 28, 2016 4:30pm

Someone is going to fry at KKR for not disengaging the autopilot.

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Comment by ConfidentDD on Oct 28, 2016 4:40pm

Megabear - you have zero information about who is trading through the houses that you mention. Your analysis of how those houses ended today is worth nothing. CIBC didn't buy anything today. Their platform users did. Be very careful about what you write about who is buying and selling. This company has massive lawsuit risk ahead. Everyone is looking for who is blaming who.

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Comment by MegaBear on Oct 28, 2016 4:59pm

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Comment by Leoc378 on Oct 28, 2016 4:54pm

MB, thanks for your reply. Regarding insider trading. Please see link below. Worth reading. Pick this up from stocktwits. https://www.thesecuritiesedge.com/2012/07/margin-calls-the-insider-trading-trap/

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Comment by rsmerchi on Oct 28, 2016 4:39pm

I bought some. Trades a 0.25 times sales ... or price-to-sales if you like. Trades at 0.5 times adjusted EBITDA. Trades at 0.8 times adjusted earnings. No debt maturies for 5-years. Market value is less than that of the Net Net Assets...Benjamin Graham would say that is a buy. It is either bankrupt or a quadruple. THings are never as bad as they ...more

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