Post by
MrMugsy on Jun 10, 2022 11:25am
It warms the cockles of my heart ...
It warms the cockles of my heart to see ENDO's stock price at almost zero.
Not because I wish them any harm ... but ... it's about time that the market sees them for what they really are - for all the mistakes they made. Funny that investors were proping this thing up for years yet there was no basis for doing that. The troubles were obvious and the real pain is yet to come.
Well - it gave invested shareholders more than enough time to exit and limiting their losses while others were left to hold the bag. What a soap opera. Looking forward to the restructuring to see how that plays out - think discussions are well underway.
I still remember when Goodman made comment to Endo's debt-laden approach and how it would eventually hurt them. Still rings loud in my ear.
And so here we are ... man ... I think Endo's CEO learned early not to like Goodman for that honesty. Hahaha! Just love it !!!!
Comment by
longrun86 on Jun 10, 2022 6:31pm
It's not just Endo... look at the clowns who were running Bausch Health (Valeant). The too have destoryed the majority of shareholders equity. Debt is like booze. In the begginning it tastes and feels good... but too much and you lose it all. Mix that in with bad business practices and you have the makings of a fine country song! Happy weekend all! LR
Comment by
MrMugsy on Jun 10, 2022 8:56pm
Right - thought that was still around $30/share ... didn't realize it dropped to $8 (with more than $23B in debt)
Comment by
Chianchin on Jun 11, 2022 7:47am
About at GUD 1 billion cash, $10.50 share price? Now mostly evaporated