Hints and tips:
...Endo says it is paying just 11 times projected 2016 earnings before interest, tax, depreciation and amortisation — similar to (or should that be on par with?) Teva’s recent offer for Mylan....
...Funds may have sold out of Valeant, Apple et al before the rot set in....
...The deal is the latest in a feverish game of brinkmanship being played out by some of the biggest companies in the pharmaceuticals sector....
...Maybe we will discover that many managers were smart enough to sell out of Apple, Valeant, Williams et al before their shares tanked....
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...Why would the Chinese, Russians, Brazilians et al make the same mistake when it is very clearly in the public domain?...
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