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Bullboard - Stock Discussion Forum VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."

TSX:VRX - Post Discussion

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Post by Kevin046 on Apr 28, 2016 6:08pm

Where is 10-k?

So it was promised over and over that it will fill by friday with confirmation from Ackman. However isn't it suppose to file by end of closing today??? The company atleast give an update on when the 10k will be file to give investor a sense of comfort?? There is no update at all and just given word that it will file by Friday?? What happen if they dont keep their words or they file Friday after closing??

What do you think the market will react?? I really expect Valeant need to take into serious matter to issuing this information as precise and accuate as possible.
Comment by wallop13 on Apr 28, 2016 7:07pm
It might very well be filed Friday after the close. Maybe they want people to have the weekend to review the full 90 pages. I think the company has been very clear that it would be filled ON or before the 29th of April. They have been saying this for months and have confirmed it on many occasions since first announcing the date.
Comment by yycish1027 on Apr 28, 2016 7:19pm
If not filed by Friday afternoon, I am selling. Just Google "best time to release bad earning". The article states that the Friday after bell is a common practice for bad result, it gives people a weekend to absorb. I really hope they release 10k in the moring, or at least training day to show they can beat the expectation.
Comment by makingdough on Apr 28, 2016 8:06pm
I agree, if it's good news they will want the day for the stock to pop, and have everyone go into the weekend feeling good about vrx. If it's bad they will certainly release after the bell. 
Comment by Kevin046 on Apr 28, 2016 8:12pm
atleast they should give us a head up so we can prepare for the release. Company usually provide update to investor that they will release earning by x date before openning or w/e time.. Valeant did nothing other than word of mouth.. this is not the best way to treat investor.
Comment by wallop13 on Apr 28, 2016 9:27pm
This is not an earnings release, it's just a 10K filling for 2015. I wouldn't expect them to make a big deal of it unless there is something different in it then the earnings they already put out. I'm not exactly sure what you are expecting. I'm just looking for audited confirmation of what was already released.
Comment by Kevin046 on Apr 28, 2016 8:09pm
The problem is that they should atleast provide an official update on their website about the release 100% on friday. If they doing it on friday after close then tomorrow will be a bloody day. and monday if the stock does go up we already wasted the gain for the day.. I was hoping to leave by $50 asap because there aint much new after and i cant predict if this company can go down even further... ...more  
Comment by Lattice on Apr 29, 2016 12:38am
This post has been removed in accordance with Community Policy
Comment by Marky1 on Apr 29, 2016 5:20am
I'm going to put a call in at 9am...If I get any answers I'll report here...GLTA
Comment by Investforever on Apr 29, 2016 6:42am
This post has been removed in accordance with Community Policy
Comment by Fullblast on Apr 29, 2016 7:13am
Extension is one thing, expectation is another. The market expects the 10-K today, as Ackman announced. It's a test of credibility and confidence.
Comment by rookieblues on Apr 29, 2016 7:23am
They will issue a press release after they file 10-K. Just like any SEC filling this is no different.
Comment by Marky1 on Apr 29, 2016 7:31am
Just came out!   
Comment by finishfirst on Apr 29, 2016 7:44am
Well it's out. Guess VRX is all good and were going to $60 lol
Comment by yuanyuan on Apr 28, 2016 9:17pm
I think they are busy to revise the report now. Since Ackman agreed to reduce the drug price they probably need to revise the 2016 guidance. Two days may be not enough. They need to decide which drugs and how much the prices should be reduced and how it will affect the duidance.