Endo International Plc (fka ENDPQ)

[Cash Avalanche]

Institutions still own 60% of the float…. Vanguard, Black Rock, etc…. I don’t think they are stupid… the company is reported to have assets worth $6.36 Billion, due to lawsuits the liabilities are $9.56 Billion… they had to of had some type of liability insurance that will come into play and relieve some of the lawsuit debt… earnings will come into play as well as accounts receivable…. I can’t see this lawsuit being solid…. How can a judge declare fault on those companies that provide a drug that will obviously continue to be sold? How can a judge say “hey you you are liable for offering a drug that doctors prescribe every day and will continue to prescribe for the foreseeable future?” there is no substitute for opioids, is the liability on the prescribers or the manufactures, or the sales force? How can there be recompense of something they will never ever take off the shelf? At any rate, in the end, with an OS of 235 million, if the shareholders can get at least a billion in value then that would be a PPS of $3….. so I’m holding through this mess….