MSB followers who like to conduct thorough and ongoing research on all aspects of the company might find instructive the following Bloomberg interview with Jim Chanos, following his presentation to a hedge fund conference in the US yesterday.
https://www.bloomberg.com/news/vide...-mallinckrodt-express-scripts-and-tesla-video
The first 4 minutes and 30 seconds is about MSB's prospective partner, Mallinckrodt.
He is obviously talking to his book, but I thought the following part of the interview was interesting (from around the 4:00:00 minute):
Interviewer: What's Mallinckrodt worth?
Chanos: There's eight billion of debt here and the operating income over the most recent quarter, annualised, is under three hundred million dollars, so...
Interviewer: So put a value on it.
Chanos: Well, I think the debt's not worth a hundred cents in the dollar, so what does that tell you about the stock?
Interviewer: It's a zero?
Chanos: Yes, we think its a zero. If Acthar goes the way we think it will, then the stock is worth nothing.
Gee, and I thought my assessment of Mallinckrodt was reserved.
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Last
$1.08 |
Change
-0.015(1.38%) |
Mkt cap ! $1.227B |
Open | High | Low | Value | Volume |
$1.10 | $1.10 | $1.06 | $4.026M | 3.754M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 103499 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.08 | 62021 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 97469 | 1.075 |
17 | 133022 | 1.070 |
18 | 314946 | 1.065 |
19 | 620448 | 1.060 |
16 | 197685 | 1.055 |
Price($) | Vol. | No. |
---|---|---|
1.080 | 76018 | 27 |
1.085 | 211845 | 18 |
1.090 | 175262 | 13 |
1.095 | 88465 | 14 |
1.100 | 122154 | 15 |
Last trade - 15.51pm 20/06/2024 (20 minute delay) ? |
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