VRX restating earnings...BLATANT frontrunning
- Thread starter Clubber Lang
- Start date
http://fortune.com/2016/02/17/valeant-bill-ackman-2/
Ackman reported 21,591,122 shares of common stock on Feb. 5. and 9,120,000 shares of unexercised options to buy more stock at a later point in time, adding up to a 9% stake in Valeant.
Ackman reported 21,591,122 shares of common stock on Feb. 5. and 9,120,000 shares of unexercised options to buy more stock at a later point in time, adding up to a 9% stake in Valeant.
http://www.cnbc.com/2016/03/15/valeant-pharmaceuticals-reports-fourth-quarter-2015-earnings.html
$30 BILLION in long term debt.....hmmmmm
$30 BILLION in long term debt.....hmmmmm
freaking Ouch Indeed!
selling puts in this stock could easily cost a trader $50,000 plus...not just Ackman getting margin calls today
The margin call rumor is nonsense. If VRX goes to $0, Ackman loses 4% in the options trade. The margin required in this trade is minimal. His MDLZ position is likely more than what the prime broker need
I expect Ackman's rep on the board to be pushing for Pearson's outage and asset sales today. His PR seems to confirm that
Of course buy. Creditors will do the waiver thing and this can go up 50% easy -- yeah it will not recover today (needs 100%), but 50% is good returns.