"Valeant: Why Now? Because It Can" http://blogs.barrons.com/stockstowatchtoday/2017/03/07/valeant-why-now-because-we-can/ Mizuho suggests that the reason VRX is trying to refinance its debt now is because it can - and it's possible this may not be possible in the future. At the time of writing, VRX is down 4.96% to $11.79, another 52-week low. Earlier in the session the stock reached $11.36. .
Whether it can or not, remains to be seen... But, generally, it's true that there's a lot of appetite for this stuff now. That's the reason why now.
Some of the big hedgies have averages up in the $100-200s or so. Wow. Also, the recent price action of the past few days and the precipitous drop is interesting. Rapid fall in early trading followed by flat for the rest of the day. Is this a massive liqudiation of a position by a major holder? Usually, liquidiations are done on VWAP and is more 'linear' than this.
disaster management disaster board delusional major stake holder. Ackman etc. Sad very sad . Slow death but consistent pain for longs