We conduct a fundamental analysis of Concordia International, and discuss how it will have troubles paying off its long-term debt
It has been an eventful year for Canadian Pharma companies thus far, headlined by the declines of Valeant Pharmaceuticals International, Inc. (TSX: VRX) and Concordia International Corp. (TSX: CXR). Despite this, Canadian small cap pharma companies are up on average 12.1% YTD, trumping the TSX, which has returned 1.2% thus far. In this report, we discuss some industry highlights, as well as a couple of companies that have performed well so far this year. Finally, we conduct a fundamental analysis of Concordia International, and discuss how it will have troubles paying off its long-term debt.
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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