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Re: Johnny_C post# 3565

Monday, 07/10/2017 1:05:19 PM

Monday, July 10, 2017 1:05:19 PM

Post# of 5001
Interesting. It has certainly had a history.

I'm kind of confused about why VRX has been propelled so far with what seems to be no big news: a new CEO (so what?) and a division sold to pay off a fraction of a huge debt load (so what?).

Aside from the CEO's massive purchase of shares some weeks ago, why are people buying this? Revenue has been decreasing quarterly, and if you remove the 15B "goodwill" item from the balance sheet the company's long term assets - long term liabilities is just about zero (src: yahoo finance).

There has been lots of buying on high volume, and price recently passed the esteemed 200MA. Where is the renewed interest coming from...is it Papa's turnaround plan?
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