Concordia Healthcare Corp. T.CXR.R

Negatives keep piling up - why is this not down more?

[BinTraden]

How does this stock not slide further with all the negatives that have been piling up in addition to being in the peak tax loss selling period for cdns?  And by sliding I mean really sliding not just down a few % here and up a few % there like it has been trading!  What's propping it up or Who? when everything looks so friggin glum!?  Bulls and Bears care to comment? Bonds @ 35% - Financial Advisors summoned upon - tax loss selling - etc. Why isn't this zero yet with all this info out there already? Is this the classic Seinfeld, ...'you mean i got a chance"....and retail and small institutions only playing this game......I haven't been holding overnight for a while now as I'm afraid of a hammer on the head in the morning but I'm watching closely every move so as to not miss any trains leaving the station in one direction or the other.  Btw - if I recall correctly I don't think Valeants bonds ever broke below 70% of their value at any point in time.....so I'm not liking where CXR bonds are trading at that's for sure.

[DanKwong1958]

The stock is down 93% and is at $2.50 and its not going down fast enough.  Just before bankruptcy there is usually extreme liquidity in this sitution.  When they announce Chapter 11 perhaps you will get the hammer on the head you have been waiting for?  Certainly the news today that they have tapped PJT Partners for financial advice on the heals of the bondholder pressure should

[DeathPool]

BinTraden, I pulled this off the SA site to help you understand how a stock behaves before BK. And CXR bonds are telling the story - they are trading at less than what investors demand to hold Venezuela's benchmark debt. A lot less. ... I think that it is fair to say that the debtholders control Concordia, and have been for some time.... Nothing really left to say ... Its cooked, insiders

[BinTraden]

I appreciate all the posts from the bulls and bears.  You can't take these BBs too personally but you have to take the information and different perspectives that are offered by ALL and make your own decisions rather than criticize other peoples bear or bull positions. I managed to get out of Nortel back in the day unscathed and bottom fished ITP sub $1 and I was thinking cxr could be an