Why Valeant Cracked
April 07, 2017 at 15:21 PM EDT
VRX received disappointing bids for iNova. It might have to sell iNova at a discount or keep the property. VRX appears to be running out of new narratives. The reality is that debt/EBITDA is at 8x and EBITDA is in decline. VRX remains a sell.
