Valeant filing bankruptcy?

What are the chances that Joe Papa will have us file bankruptcy this year?

 

We should ask the new CEO of Perrigo. He is pissed and thinks Papa Pizza left the company in terrible shape. I'm sure he'll do the same with Valeant. At least he is not in it for the money. Everyone can sleep well at night knowing that. Everyone will get realistic growth goals. For sure.

 

What are his options? Not sure why this guy took this job other than he knew he screwed the pooch at Perrigo and needed to leave there and needed a new job. This company is doomed.

 

Sad news today, Andrew Left has taken a long position on Valeant. The stock went up a little. :-(

 

On the positive side...

Bernie Sanders ‏@SenSanders 2h2 hours ago
After raising prices over 200% Valeant shouldn't be praised for 10-40% rebates on lifesaving heart drugs. Drug companies' greed must end.

 

why is this sad?

 

Stock is up.

 

How can Chapter 11 improve the situation ?

 

it would make the debt go away and allow us to survive on what wet actually earn. 30 billion is a lot to pay back.

 

Not a chance. Papa will hold onto Valeant for another few years at a minimum of 1 and then light the place on fire once he got his.

 

Hopefully he increases the stock price ten fold like he did at Perrigo too! Idiot.

 

Stock is down around 90 from 180ish idiot