By Parke Shall
About a week ago we wrote an article about why Concordia (NASDAQ:CXRX) could be headed for real trouble. We postulated that bankruptcy scenarios were on the table and made a plea for equity holders to be cautious.
In today’s article, we wanted to make a couple of comments as to why the company’s silence from this point forward is not golden and why the more Concordia communicates with the market, the better. We are not encouraged by the company’s lack of transparency here at such a crucial stage for it and we think it could just be yet another ominous sign for Concordia going forward. It’s reminding us of another bankruptcy scenario we saw play out just months ago and in this article we want to draw some parallels.
When the company saw its CEO resign and when it withdrew its guidance, information became at a premium all of a sudden. Not only were shareholders now holding equity in the company that is worth 90% less than it was worth a year or two ago, but now you have a company that just simply doesn’t want to communicate with the market.
Best Gold Stocks To Invest In Right Now: PCM, Inc.(PCMI)
Advisors’ Opinion:
- [By Lisa Levin]
PCM Inc (NASDAQ: PCMI) was down, falling around 26 percent to $14.63. PCM reported Q2 adjusted earnings of $0.47 per share on sales of $560.1 million.
Best Gold Stocks To Invest In Right Now: Catabasis Pharmaceuticals, Inc.(CATB)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Catabasis Pharmaceuticals Inc (NASDAQ: CATB) got a boost, shooting up 46 percent to $6.52. Catabasis Pharmaceuticals and Sarepta Therapeutics Inc (NASDAQ: SRPT) reported a joint research collaboration in Duchenne Muscular Dystrophy.
Best Gold Stocks To Invest In Right Now: Conn's, Inc.(CONN)
Advisors’ Opinion:
- [By Peter Graham]
A long term performance chart shows shares of Best Buy Co outperforming potential peersactive in electronics retailing such asmid capAaron’s, Inc (NYSE: AAN)and small cap CONN’S, Inc (NASDAQ: CONN):
- [By Peter Graham]
A long term performance chart shows shares of Best Buy Co now outperforming potential peersactive in electronics retailing such asmid capAaron’s, Inc (NYSE: AAN)and small cap CONN’S, Inc (NASDAQ: CONN):
- [By Lisa Levin]
Electronics Stores: This industry moved up 1.16% by 10:15 am. The top performer in this industry was Conns (NASDAQ: CONN), which gained 1.3%. Conns’ PEG ratio is 0.87.
- [By Lisa Levin]
Conn’s Inc (NASDAQ: CONN) shares dropped 24 percent to $8.95 as the company reported downbeat quarterly results. Conn’s posted a Q1 loss of $0.31 per share on revenue of $389.1 million.
- [By Chris Lange]
Conn’s Inc. (NASDAQ: CONN) will share its latest quarterly earnings on Thursday. The consensus estimates call for a net loss of $0.07 per share and $413.12 million in revenue. Shares were at $6.84 on Fridays close, in a 52-week range of $6.54 to $34.60. The consensus price target is $13.17.
