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Faith, Fear and Feedback: Ready for the Valeant Test?
Published 1 week, 2 days ago
Description
In May 2016, I bought Valeant at $27, contending that it was worth $44. The stock dropped to $15 on November 9, 2016, leading me to a decision of whether to abandon the stock, hold on or add to my position. In this webcast, I reason my way to an answer and I will let you decide how much I am letting hope override common sense.
Slides: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/ValeantNov16.pdf
Blog Post: http://aswathdamodaran.blogspot.com/2016/11/faith-feedback-and-fear-returning-to.html
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