Value Buy
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Post by Value Buy on Mar 13, 2017 22:33:16 GMT -5
VRX traded below $11 a share today after Pershing Square announced they caved in and sold 27 million shares and are out of the stock.
I know the head of Pershing Square Bill Ackman basically road this thing down from the $190 price (or even higher) before throwing it out.
Any chance this company survives?
Will it trade even further lower before the carnage stops?
Maybe they seek a white Knight in the $20 area?
Thoughts?
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The Virginian
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"Formal education makes you a living, self education makes you a fortune."
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Post by The Virginian on Mar 14, 2017 6:57:39 GMT -5
Ackman exited for a reason - he finally was forced to admit failure. The stock has dropped from $260 to $12 per share in two years - has over $30 Billion in debt and worst of all has a tarnished reputation. Buying this stock is not investing - it would be gambling ! I would not touch it.  |
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Deleted
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Post by Deleted on Mar 16, 2017 13:34:55 GMT -5
Looks like it may implode, good way to play that angle would be to Buy PUT Options. |
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Value Buy
Senior Associate
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Post by Value Buy on Aug 8, 2017 8:55:49 GMT -5
Hindsight is great. Wish I had taken a chance here
Pushed up against $17 a share today
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Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
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Post by Value Buy on Dec 13, 2017 9:41:25 GMT -5
stock price this morning VRX $22.51 GE $17.97 Which is the better buy today for the next six months?  |
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The Virginian
Senior Member
"Formal education makes you a living, self education makes you a fortune."
Joined: Dec 20, 2010 18:05:58 GMT -5
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Today's Mood: Cautiously Optimistic
Location: Somewhere between Virginia & Florida !
Favorite Drink: Something Wet & Cold
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Post by The Virginian on Dec 14, 2017 14:48:30 GMT -5
I would choose GE Long Term --- but I would not be buying either of them today.
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