"A lie told often enough becomes the truth."
I don't know if VRX's current price (around $30) is a "lie," but if the stock stays here long enough, it becomes what people perceive as its true value.
I took a look at Valeant's 2014 Annual Report. It's thick (over 200 pages) and mostly text (96%?), instead of presenting numbers. I didn't bother reading it because it's so plain why it's mostly text. The company does not have much substance, so they have to "explain" in words how "good" they are, instead of proving how good they are by simply presenting numbers.
VRX and NFLX are the two biggest losers for many hedge funds this year. They hold too many shares of them and want to get out.
They are both very vulnerable at this point.
But Sybil, you were down over 34% until yesterday morning, you stoopit.
Do you believe last night's bounce in Nikkei was real?
I don't think so.
Japanese insurance companies must sell their stock holdings to meet claim demands from the Kumamoto Earthquake victims.
May not crash, but the stock markets will remain weak until they're done raising cash.
Give her 10 days. She'll be nearer to $25 than to $38.
Eventually, this stock is heading towards $2 a share, but getting there will take a long time, more than a few months, for sure.
Money will be made on scalping, on upside and downside around $30.