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Valeant Business Update Call Dial-In Details
The Valeant drama continues, and one day after Bill Ackman hosted another desperate call to convince LPs in his fund not to submit redemption requests following a $2+ billion loss on his VRX investment (and maybe buy a little here and there), here comes Valeant itself which in a few moments will provide a "business update for investors on a conference call to be held Tuesday, November 10, 2015 at 8:00 a.m. ET."
J. Michael Pearson, Chairman and Chief Executive Officer, together with Robert Rosiello, Chief Financial Officer, Dr. Ari Kellen, Company Group Chairman, Deb Jorn, Company Group Chairman and Tanya Carro, Corporate Controller, will conduct the call.
The conference call on November 10 will consist of an overview of current plans and priorities, including the transition plan from Philidor, and an update on the Company's operations. Immediately thereafter, there will be a question and answer segment for investors and analysts.
Valeant intends to host an Investor Day and update its annual and quarterly financial guidance prior to the end of 2015.
Those interested can dial into the Conference Call using the following details:
The Company will host a conference call at 8:00 a.m. ET (5:00 a.m. PT), November 10, 2015 to provide a business update.
The dial-in number to participate on this call is (877) 876-8393 confirmation code 78262163. International callers should dial (973) 200-3961, confirmation code 78262163.
A replay will be available approximately two hours following the conclusion of the conference call through November 17, 2015 and can be accessed by dialing (855) 859-2056, or (404) 537-3406, confirmation code 78262163.
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Will they still be around to have an "Investor Day" later in the year?
This is one where I'll trust ZH to give me the highlights when it's over. I'm guessing it goes basically like this:
1. Everything is fine. Please don't panic.
2. 4400% increases in drug prices are simply the reality of the world today (though happening nowhere else in the world)
3. Specialty pharmacies? No idea what you're talking about. We had nothing to do with that even though it was our own people using fake names running the place.
4. Special guest appearance by Bill "I got where I am by insider trading" Ackman who pronounces Valeant the buy of a lifetime at these prices.
I invite the Tylers to quote this post in the follow up article and either praise or ridicule me depending on how close my predictions are to reality. It's OK, I got broad shoulders. I can hack it.
I advise ritual suicide Bill. If you can stop oozing smarm for 5 minutes.
I'd buy that for a dollar.
Any highlights yet? Been a rough morning so I could use some comedy