Looking for a short bounce here. Bought some Dec calls and it did a nice run into the closing bell. Hopping for another nice day tomorrow.
Valeant may seek to clean up its name by changing it: Ackman - https://finance.yahoo.com/news/valeant-may-seek-clean-name-003424799.html
If they don’t sell Salix with good price forget above 25$ and don’t buy management we don’t need core asset sale shit. With papa, SP drop 60%.
Analyst Upgrade/Downgrade Update Brokerage firm: Deutsche Bank Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Hold Previous Price Target: $29 Current Price Target: $24
No news is a GOOD news. Selix is not for SELL. Debts free until 2018. Sell some non-cores assets 5-8B$ return portion of debts
As usual market will be up and Valeant will be down. Market will fade and VRX will close on the lows of the day.
Low risk long entry at this level will not kill you that much even if it slides lower from here in 3 months it could double!
Between tax loss selling and year end window dressing we can attribute about $3 of recent loss IMO. That will be over in under 2 weeks!
It is time for a Big Papa Johns announcement of asset sales. Get the stock up after months of languished, start the NY17 with a bang.
Been in this sucker since 14.60 .... man what a whiff not selling at this morning's gap up. It has puked up nearly all of its gains.
We need 11x or more multiple on any further asset sales to be rewarded by market. Market not impressed otherwise IMO.
Though hate to see it below $15 but every time it falls it gives me an opportunity to add more. Above 13, I am OK. See you in 2018.
