Be very careful Mr Papa.

No thanks. I'm not going down with the Titanic.

 

DUH!! Selling short implies that the stock will have further to fall.

 

Got it!

 

Papa is being very quiet. He used to go on all of the finance shows touting the biggest comeback in anyone's lifetime. I hope his silence means that things are getting better.

 

He's not being cocky so it's probably bad.

 

Papa is skilled at keeping a healthy company going. Most any average CEO can. But with Valeant, Papa just doesn't know what to do. He's been here almost a year. Still no real growth, only continued decline. I suspect like Ackman he will give up too at some point.

 

Joe ran Perrigo poorly, too. He was too greedy to sell out to Mylan, and he didn't want to lose his job. So, he ran away from Perrigo and signed on to run Valeant, except he negotiated a half billion deal. After leaving Perrigo, all sorts of crap came pouring out of the closet. He didn't know how to run Perrigo then, and he surely he doesn't know how to recover Valeant now. Basically, it's the blink leading the blind.

 

He is clueless Joe.

 

Seriously, what more can Papa do? He got a new superb executive team. He has attempted to sell some assets. He was just dealt a really bad hand.

 

Just sit back and collect his paycheck at a minimum.

 

He shouldn't have over promised and under delivered. What happened to the asset sales, the increase sales, and the transparancy. Also, "suberb executive team," dude, you must have been smoking some really good kush there.

 

Uhmmm...he wasn't "dealt" squat. He hitched up his britches, put on his spurs, and jumped right on top of this dead horse. He can change some of his tack...horse is still dead. He can yell yippee!!! and wave his arms like he's riding...horse is still dead. He can hire more riff-raff to help manage the dead horse, and yet, the horse remains dead.

When you can't recognize a dead horse, you're certainly not smart enough to run a rodeo.

Oh, and IF he had a "superb executive team" the messaging around this company would be the ridiculous joke that it is. Joe get's out of Perrigo before he's thrown out, and gets some big bucks for riding this dead horse until it totally decays. Work for Joe, not so well for the horse (not to beat a dead metaphor).

 

^^^ A Horseshit Tale By A Jackass ^^^

 

Papa may have been dealt a bad hand, but instead of folding, he has been bluffing. He tried going on CNBC to explain his case, but that back fired. Now, he's doing the silent treatment, and will need to make a move by Q1 earnings release. That's when he'll have to show his hand. Those lowball bidders were calling his bluff.

btw, what metrics are you using to state that his exec team is superb? Is it because they're new to the company? or they were so successful in their previous companies that they had to jump ship to undertake the challenges of fixing Valeant because of the monetary incentives?

 

An executive who was successful at another company would not have left their position to Valeant. That's like suicide. When they asked Brent Saunders he was like " Hell nah, son!"

 

Think that was his point. So, how are these losers superb, again??

 

Yo Joe, don't listen to that fool who says to be careful. Be careful of what exactly? You should make bold, strong decisions, since this play ain't for the timid.

 

They're not. lol

 

Market reports today are saying that positive earnings ate not going to even matter. That's a tough place to be in.

 

The only news that will be good is if same store sales are 10%+ greater than expectations and profit is up 25%, since it will show better control over costs. Any other news will be a whimper at best, and there is nothing that Joe can really do about it, since he'll be just reporting the numbers.