lundi 28 septembre 2015

Ayoye tabarnac

Today, I've been feeling like I had a pole in the cunt. I don't really know how it feels because I actually don't have a cunt. But, two of my favorite stocks, Valeant and Concordia Healthcare, are down like crazy these last days.

Concordia lost about half of it's price in the last weeks and Valeant lost about 1/3 of it's price in the last days. These two represent a big part of my portfolio so it hurts a bit. But, in a way, it doesn't hurt that much because these two are down for no dramatic reason.

Valeant is down about 20% because of an Hillary Clinton tweet about abusive drugs price that had repercussion among the american politicians.

Concordia is down about 50 fucking percent because of a public offering and maybe because of the politicians discussions too.

Not any of these companies has released bad news. It looks to me exactly as the same thing that happened to Visa and Mastercard 3 or 4 years ago, when the governement talked about abusive fees for credit card companies. These two stocks were down a lot and bounced back like fuck months after.

It's a little panic now. The panic won't last forever. Cash is king and pharma stocks are full of cash. And more, some pharma like Valeant, Concordia and Allergan seem 100% commited to value creation for shareholders.

Can you imagine hundred of billion dollars vanish from the market if american government regulates drugs price? What kind of government would like to be responsible for that?


13 commentaires:

  1. It is always more easy to attack a Canadian co... Their large increased products are used only by a minority of people... They did not increase at the same level common products from Bausch & Lomb...

    It is like Keystone XL was not good for environement and US economy because it was from Canadian dirty oil sands... but they could send us their oil shales by train via Mêgantic...

    Canadian investors should sue US politicians...

    Value

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  2. Maybe Valeant and Concordia didn't publish any bad news justifying the drop, but the worrying thing for you is that these days, the entire biotech sector is going down as fast as Lindsey Lohan drunk on a skateboard.

    These two companies won't go back to their previous levels unless the entire sector do so...and it will take more than a few months IMO.

    -Brett McGarrett

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  3. Ok. And 2 weeks ago, did you think that the entire sector would be down this much?

    Why wouldn't the entire sector go up as fast as it went down?

    Not any fucking bad news related to the performance of the sector. Just speculation about what the democrats would do.

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  4. Ce commentaire a été supprimé par l'auteur.

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  5. Nice bounce back from CXR & VRX today... Expect more from CXR with the tranformal acquisition... Increases will probably be modest, but international sales will expend & synergies will help profits after completion of integration...

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  6. FUCK all that shit. The market is crazy. FUCK off!

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  7. Concordia was really downgraded today.

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  8. It's easy to downgrade a stock down more than 50% within a month AFTER the facts...

    I think CXR was issuing Capital in the middle of the storm.... VRX was falling the day they annonce the completion of their fund raising...

    Almost all the financial community were saying buy or strong buy few weeks ago...

    They are "Sheep" analysts :-)

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  9. It's easy to downgrade a stock down more than 50% within a month AFTER the facts...

    I think CXR was issuing Capital in the middle of the storm.... VRX was falling the day they annonce the completion of their fund raising...

    Almost all the financial community were saying buy or strong buy few weeks ago...

    They are "Sheep" analysts :-)

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  10. Good points Value man. But wow is the sector being hit. People are reacting to one persons opinion on things without looking at fundamentals. Like NHC, someone posted a negative article on seeking alpha and now its down 20%.

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    Réponses
    1. The Seeking Alpha article sounds legitimate. I wouldn't touch Nobilis Healthcare. I would sell NHC now and move into CXR.

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    2. The Seeking Alpha article sounds legitimate. I wouldn't touch Nobilis Healthcare. I would sell NHC now and move into CXR.

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