JUNO stock price cut in half past 10 weeks.....looks pretty bad.
Valeant? VRX
- Thread starter NoVoodooHere
- Start date
Too risky either way.
But get one of them reverse mortgages on Granny's place.... and short Tesla, KMX, and PigFlix.
The Soros Fund sold its entire holdings in IBB, GILD, and NVAX in the 2nd quarter of 2016, according to recent 13F filings with SEC.
"Why Valeant’s Enormous Debt Might Become an Even Bigger Problem"
http://blogs.barrons.com/stockstowa...-valeants-enormous-debt-might-become-an-even-
bigger-problem/
"Following the guidance reset and commentary on 2017, we are less certain Valeant has the ability to meet its obligations without refinancing, and we think following 3Q results, a refinancing would be much more expensive. We estimate first lien secured debt rates perhaps 200bps higher than a week earlier and that the unsecured market may currently be unavailable."
http://blogs.barrons.com/stockstowa...-valeants-enormous-debt-might-become-an-even-
bigger-problem/
"Following the guidance reset and commentary on 2017, we are less certain Valeant has the ability to meet its obligations without refinancing, and we think following 3Q results, a refinancing would be much more expensive. We estimate first lien secured debt rates perhaps 200bps higher than a week earlier and that the unsecured market may currently be unavailable."
still holding long 15.75 avg. only will consider selling this above 20
www DOT twitter DOT com/AlderLaneeggs/status/799652034215440386
Marc Cohodes highlights warning about possible covenant breaches on page 69 of 10-Q
Paragraph begins with
"The Company’s Senior Secured Credit Facilities contain specified quarterly financial maintenance covenants"
10-Q for quarter ended September 30, 2016
https://www.sec.gov/Archives/edgar/data/885590/000088559016000124/valeantq32016.htm
.
Marc Cohodes highlights warning about possible covenant breaches on page 69 of 10-Q
Paragraph begins with
"The Company’s Senior Secured Credit Facilities contain specified quarterly financial maintenance covenants"
10-Q for quarter ended September 30, 2016
https://www.sec.gov/Archives/edgar/data/885590/000088559016000124/valeantq32016.htm
.