People love to buy junk Fannie Mae, Freddie Mac, Bankrupt GM. Keep buying, mortgage your home, invest your children's college fund. Borrow against your pension funds, and keep buying.
Junk (vrx) going on sale today will finish lower. Keep buying this junk, remember JCP and TGT.. Ackman is not always right as he was with GGP. Junk on sale today.
People are still buying junk without knowing the details. 10K will big surprizes that is why they announced new CEO in advance of 10K.
They want to have a story to tell after the 10 K is out, that is why they need to explore selling assets. They overpaid for many assets and will not get full price under these conditions. Keep your powder dry at least until to read the 10 K.
This put pressure on VRX to file report on time, and not waste money paying bondholders to wait. Smart move by Centerbridge.
VRX will cut prices which mean reduction in profits. That will make more difficult to deal with debt. Wait for 10-K before speculating. There are a lot of unknowns. Do not bet the farm on on VRX. Ackman bet the house on it and you see what happen to Pershing Square. I hope everyone makes a ton of money no matter what side of the trade you playing.
Use your mortgage money, children college fund, and borrow as much as can and keep buying, because you must know something everyone does not.
Keep buying, average down. Mortgage your home, invest your children's college fund, and borrow against your pension. People love to buy junk, so keep buying.