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Valeant (VRX)

Quick correction. The ticker for Valeant is VRX, not VAL. Sorry for any confusion.

Laurie Frederiksen
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On Thu, Jun 9, 2016 at 12:40 PM, Laurie Frederiksen <laurie@bivio.biz> wrote:

Hi All,

I found this a fascinating story and thought may of you might also:

The Valeant Meltdown and Wall Streets Major Drug Problem

It brings up many points that are interesting to think about when it comes to choosing investments.

Apparently Valeant was more focused on producing the numbers wall street wanted to see than it was on running a drug business. The way they did this is interesting to read about. The fact that the famous Bill Ackman was even lured in big time is interesting to consider.

One of my clubs owned Allergan briefly. The article also discusses the failed Valeant bid for them. I knew it was a big deal at the time, but I had never heard the whole story about what had been going on.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
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