VALEANT PHARMACEUTICALS INTL INC T.VRX

I love Valeant :)

[DayOfReckoning]

Your boat anchor equity is creating an amazing opportunity in Concordia.

Not sure if you guys have looked recently at the extreme spike in VRX CDS's??? You remember CDS's right? 2008 ring a bell???

Unless a magic rabbit appears, it looks like the bondholders will own this soon... Got puts? GN

[frankie1122]

This post has been removed in accordance with Community Policy

[groupguru]

You hit the nail right on the head: worth a "gamble"  - If you have the money to gamble I would personally wait for audited statements and for a bit of the collateral issues to disapate -  As I have posted I think you are in the right range at low to mid $20 - but I wouldn't be staking anything heavily on that.  Good luck with it if you decide to give it another kick -

[d_trump]

Daytraders are getting sucked into this by thinking there's an imminent rebound back to $60 or higher.  That will not happen at least until they get audited statements.  Obviously they are at odds with their auditors and the auditors have huge exposure here, so they are digging in their heals.  I would bet in the past that VRX was able to sway the auditors into accepting some

[Marky1]

Great post d trump...Thank you!