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+--- Thread: Valeant Pharmaceuticals (/showthread.php?tid=1367)
Valeant Pharmaceuticals - Roadmap2Retire - 10-21-2015
As Valeant crashes by 30%, I cant help but chuckle and simply feel sorry for the get-rich-quick schemes. On the surface, it may seem like a great business idea - buy rights to drugs, raise drug prices by a few of thousand percentage points, profit. Rinse and repeat.
It has been alarming to see "investors" salivating and driving up the price and this summer, VRX's market cap was higher than Royal Bank's market cap - making it the largest company in Canadian corporation landscape.
http://www.theglobeandmail.com/globe-investor/valeant-passes-rbc-as-canadas-largest-company-by-market-value/article25642880/
I understand that one cannot directly compare a financial and pharma company - but I think we can still learn a lesson here. It doesnt take much to bring down these fast risers and important not to get caught up in the mayhem. Will be interesting to see where things go. Media is starting to calling it the Pharmaceutical Enron.
I watch from the sidelines with my popcorn
RE: Valeant Pharmaceuticals - Kerim - 10-21-2015
(10-21-2015, 01:53 PM)Roadmap2Retire Wrote: I watch from the sidelines with my popcorn
Me too. Been quite a show with VRX in recent weeks, and the drama just got a whole lot more interesting! It strikes me that this could be a case of guilty until proven innocent, and there is a tiny piece of me that itches to speculate a bit on this, but watching with idle amusement seems the prudent course here.