You also know the the hedge funds are adding to their position to spin the story. Ackman and their ilk don't take losing money well. They will get the CEO removed or divisions sold to move the stock up. Meet me back here at the end of April and we'll see who's right...... You won't be!!!!
All I'm saying are the brands are worth money still. Everyone acting like it doesn't sell anything or have any value when it really does. B & L worth more than when they bought it 2 years ago. So selling it cuts the debt in half. They are in the pressure cooker to resolve everything so their feet are already on the fire. I see this getting resolved and the debt being wound down over the year. This cat will bounce it's just of matter how high.
Bought at the close......Buy when there is blood on the street and there is a ton of Valeant blood today. Once they sell some of the business' and reduce debt which they are now forced to do the story will change once again. With great adversity comes even greater action to right the ship. I don't think the story will get more negative than today....... talk of default is fairy tale talk to drive the stock price down to the extremes. They can sell B & L double for what they bought it at!!!!! Great opportunity going forward to profit as this disaster is unwound.