It’s been a long time since Valeant Pharmaceuticals (NYSE:VRX) stock was in a legitimate uptrend. Despite the hiring of a new CEO last year to right the ship, Valeant’s share price has continued to fall.
The question that investors must ask now isn’t when Valeant will turn things around. Instead, the key question is whether it will happen at all. Can Valeant Pharmaceuticals ever regain its mojo?
Image source: Getty Images.
Why it won’t happen
Let’s first put to rest the notion that reducing its debt load will somehow make things magically better for Valeant. It won’t.
Granted, a lower debt would allow the company to breathe somewhat easier. After all, Valeant paid a whopping $1.84 billion in interest expense last year. That’s a huge sum of money that the drugmaker wasn’t able to use for other worthwhile purposes — like, say, developing new drugs that could ensure the survival of the company.
stock change: Transcontinental Realty Investors, Inc.(TCI)
- [By Lisa Levin]
In trading on Wednesday, financial shares fell 0.23 percent. Meanwhile, top losers in the sector included Transcontinental Realty Investors Inc (NYSE: TCI), down 14 percent, and Citizens, Inc. (NYSE: CIA), down 5 percent.
- [By Lee Jackson]
Transcontinental Realty Investors Inc. (NYSE: TCI) saw itschief executive officerpurchasing stock last week. Daniel Moos bought a block of 285,000 shares at $10.60 apiece. The trade cost himright at $3 million.The company acquires, develops and owns residential and commercial real estate properties through acquisitions, leases and partnerships in the United States. Its shares closed Friday at $11.48.
stock change: Stage Stores, Inc.(SSI)
- [By Paul Ausick]
Stage Stores Inc. (NYSE: SSI) dropped nearly 20% on Monday to post a new 52-week low of $3.21 after closing at $4.00 on Friday. Volume was more than 5 times the daily average of about 650,000 shares. The company posted poor holiday season sales last Friday and lowered its guidance.
- [By Lisa Levin]
Stage Stores Inc (NYSE: SSI) was down, falling around 16 percent to $3.35 as the company reported a drop in its holiday season same-store sales and lowered its earnings guidance. The retailer’s same-store sales dropped 7.3 percent for the nine-week period ending December 31, 2016.
stock change: Coca-Cola Bottling Co. Consolidated(COKE)
- [By Douglas A. McIntyre]
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stock change: Mitsubishi Corporation (MSBHY)
- [By SEEKINGALPHA.COM]
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- [By SEEKINGALPHA.COM]
Renault Nissan (OTC:RNSDF) (NSANY)/Mitsubishi (OTCPK:MSBHY) (MMTOF)
On December 20, Green Car Reports reported: “Mitsubishi electric cars to use Nissan-Renault platforms.” Remember Mitsubishi has the US$22,995 all-electric 16 kWh iMiEV coming out in 2017.
stock change: American DG Energy Inc.(ADGE)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested small cap green energy stock American DG Energy (NYSEMKT: ADGE) as a long trade:
As for American DG Energy, today’s push above a technical ceiling at $0.34 is telling, though that clue is made more telling when you see the short-term moving average lines have given us key bullish crosses over the course of the past couple of months; the undertow is turning bullish. What you can’t see on the daily chart is that this is the first time in years we’ve seen higher lows logged for ADGE.