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Valeant: Information Vacuums, Management Credibility and Investment Value
Description
In this session, I take a follow-up look at Valeant, after six months of information blackout, management confusion and legal jeopardy. While the company has not released any information since my November 2015 valuation, I revalue the company to reflect its heightened debt burden and delayed information.
Blog Post on Valeant from November 2015: http://aswathdamodaran.blogspot.com/2015/11/checkmate-or-stalemate-valeants-fall.html
Blog Post from April 2016: http://aswathdamodaran.blogspot.com/2016/04/valeant-information-vacuums-management.html
Slides for this blog post: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/ValeantUpdate.pdf
Spreadsheets with valuations:
Valeant, the star (9/2015): http://www.stern.nyu.edu/~adamodar/pc/blog/ValeantStar.xls
Valeant, the cash cow (11/2015):
http://www.stern.nyu.edu/~adamodar/pc/blog/ValeantCashCow.xls
Valeant, the dog (April 2015):
http://www.stern.nyu.edu/~adamodar/pc/blog/ValeantDog.xls
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