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Valeant Plunges 10% Amid Exposure Of "Astronomical" Price Increases
Just as we warned previously, the bloodshed was only just beginning at Valeant (and others). Having put all its peers to shame in terms of price hikes, VRX shareholders appear anxious that the 'no-brainer' may just become the poster-boy example to be made of by an anxious-to-show-some-action Congress...
Wondering why the crash... read the gory details here.
Charts: Bloomberg
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just increase the cut to congress. Problem solved.
Valeant should just pay more money under the table to the FDA grafters and U.S. Senator Orrin Hatch and the problem will go away. By the way, how much did it cost Bill Ackman to fix everything so he wasn't indicted for insider trading? Ackman personally made some $2 billion from his insider trading on Valeant stock, so he has a lot of money to spend on graft payments.
I hope their stock goes to negative value...look at the rats scurrying.
Calm down, guys. This is a company that has the products that Obamacare basically mandates. It doesn't matter what they cost, the government will pay. Congressional hand-wringing is just the "bread and circuses" level. Down in the engine room, they'll pay them no matter the price.
This is what's so wonderful about crony capitalism (well, for a few people it's good).
"This is a company that has the products that Obamacare basically mandates. It doesn't matter what they cost, the government will pay. "
Exactly why it would be best if the largest investors and upper management vested with fat options deals get totally fucked with a valuation crash.
The proper objective is to punish those that would profit from fascism by owning shares in this company and others like it.
It won't matter that Obamacare has to pay their exorbitant gouging bill for the drugs if half the people who invested in the sure thing are horsefucked with value collapses, farked with upended options, and the margin calls come to collect on their levered schemeing asses...
My productivity is not theirs to expropriate.
Rip it to shreds. Burn it all down.
You forgot that private equity is composed entirely of humanitarians and saints and we can hardly wait till they invade the oil patch.....