Remember that VRX Revenues and Earnings are Reported in Canadian Dollars

Discussion in 'Valeant Pharmaceuticals' started by Anonymous, Feb 27, 2014 at 9:20 AM.

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  1. Anonymous

    Anonymous Guest

    The Canadian Dollar to U.S. Dollar exchange rate dropped from approximately $0.98 U.S. Dollars at the end of September, 2013 to approximately $0.94 U.S. Dollars at the end of December, 2013. The Canadian Dollar is currently valued at about $0.90 U.S. Dollars today. So Valeant's revenues and earning are lower in U.S. Dollars than the amounts reported... something to consider! Also, Valeant's debt is denominated in U.S. Dollars, making it more difficult to repay with lower revenue and profit.
     

  2. Anonymous

    Anonymous Guest

    Excellent point! Especially ESPECIALLY your last sentence!
    VRX is screwed with their debt load, and they have no one to blame but CEO and the penny pinchers in charge, as well as the banks who have loaned the money to them, and thrpe Wallstreet assholes. But then again, those people will blame it all ALL on the people at the bottom of the company, as usual. :-(