Spot the red flag – Valeant 2015

Tell me where I’m going to die, that is, so I don’t go there.
– Charlie Munger

I’m planning to make this a series*. I hope looking at the “graveyard of capital” will make my actions more cautious. This should makes me a better Investor, as we know, rule no. 1 is not to loose money.
It’s always easier in hindsight but would you invest in this company based on this report?

*Btw. other companies I later want to look at are: Enron, Banca Monte dei Paschi di Siena, Saipem, Lehman Brothers …

 

But let’s begin with this: Valeant in Feb 2015

Valeant 2014 Annual Report (link)

Report Date: February 25, 2015

Price then 190 US-$

Valeant Chart.PNG

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