Valeant Chops Pearson: Is $VRX to become a “tax-loss” exit favorite?

This has been nothing but a series of “cluster-whatisgoingon?” lately in the markets. I knew about Pearson’s hospital stay and figured this was stress-induced illness but an actual press release turns rumor fodder into reality. Pearson was the master architect underlying the economics of a pharmabeast which uber-hedgie Ackman rode. But as I suss this out, the model is about to go tip-toe-ing quietly into that goodnight into outright Shkreliplosion. What will be the point of owning a machine without its primary mover??? What will become of Ackman’s 2016 now? Will we see more filings about more “tax-loss” exits?

I have been away, nearly felled by a virus, on nerve pain meds and watching from the sidelines. The salutary effects of being in cash as all went perdition’s way has been worthwhile however. (extra-cuttingoff-diplomatic-ties)

More to come, as I read this and try to make sense of this madness.