CONCORDIA INTERNATIONAL CORP. – SHAREHOLDER ATTENTION DEFICIT DISORDERGuest Post
CONCORDIA INTERNATIONAL CORP. (CXRX) – SHAREHOLDER ATTENTION DEFICIT DISORDER By Caleb Gibbons, CFA, FRM,– Originally at IBankCoin. Reposted with permission
Concordia International, regarded as the Canadian little sister of Valeant, was taken to the mat in Friday’s trade after a disaster of a Q2 2016 earnings report. Including after hours action, a full 40% was taken off the market cap of $CXRX ($510mm now). A $0.04 earnings miss (“adjusted” earnings of $1.38 vs. $1.42, < . . .
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