Valeant? VRX

[m22au]

"Valeant: Why Now? Because It Can"
http://blogs.barrons.com/stockstowatchtoday/2017/03/07/valeant-why-now-because-we-can/

Mizuho suggests that the reason VRX is trying to refinance its debt now is because it can - and it's possible this may not be possible in the future.

At the time of writing, VRX is down 4.96% to $11.79, another 52-week low. Earlier in the session the stock reached $11.36.

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[Martinghoul]

Whether it can or not, remains to be seen... But, generally, it's true that there's a lot of appetite for this stuff now. That's the reason why now.

 

[felixbocharov]

The stock looks promising right now, on watchlist.

 

[Jamie J.]

The stock looks promising right now, on watchlist.

Promising? I'm sorry, but it looks losing. The things are not so good.

 

[beefcaketrade]

Some of the big hedgies have averages up in the $100-200s or so. Wow.

Also, the recent price action of the past few days and the precipitous drop is interesting. Rapid fall in early trading followed by flat for the rest of the day.

Is this a massive liqudiation of a position by a major holder? Usually, liquidiations are done on VWAP and is more 'linear' than this.

 

[Albert A. Sanchez]

disaster management disaster board delusional major stake holder. Ackman etc. Sad very sad . Slow death but consistent pain for longs

 

[felixbocharov]

Promising? I'm sorry, but it looks losing. The things are not so good.

Look for an opportunity when the other see a failure.

 

[Jamie J.]

Look for an opportunity when the other see a failure.

I would be glad to see the opportunity here, but alas ... This is not the case.

 

[felixbocharov]

I would be glad to see the opportunity here, but alas ... This is not the case.

We shall see Today it's very much ok.

 

[newwurldmn]

PERSHING DUMPED VRX STAKE.