VRX fired the CEO. What's next?

[felixbocharov]

What happened here is a madness. Last summer this stock was traded above 100. What's going to happen next? New lows?

http://ir.valeant.com/news-releases/2016/03-21-2016-125936508

 

[DallasCowboysFan]

Actually, it was 263.81 last August.

And if you believe the balance sheet it says there are $4 dollars per share available. Not bad for a $28 dollar stock. But inaccurate financial reporting is responsible for driving the stock down to where it is today, so who knows.


88 percent is held by institutions, which is quite a lot.

It makes me wonder what the average is for the S & P 500.

 

[districttrader]

I hear Martin Shkreli is available...

 

[marcoPolo21]

i like [looking at] distressed properties/stocks

possibly a speculation, with options?

i was looking at [inexpensive] 2018 Calls today

marc

 

[Vincent S. Ashmore]

This reminds me of Michael Burry shorting AAA rated housing bonds, people thought he was crazy: Ackman knows conviction is needed.