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DewDiligence

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DewDiligence

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Re: DewDiligence post# 183901

Tuesday, 12/09/2014 2:00:09 PM

Tuesday, December 09, 2014 2:00:09 PM

Post# of 257268
VRX purportedly calling a moratorium on roll-up business model due to debt load:

http://ca.reuters.com/article/businessNews/idCAKBN0JN0DG20141209

Valeant has more than $16.3 billion of debt as of September 30 and is rated Ba3 by Moody's, the third level of junk status. Improving its credit rating will help it pay for acquisitions down the road, the sources said.

Why is VRX’s mountain of debt suddenly a problem when it was no big deal during the hostile attempt to acquire AGN?

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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