iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,690 Blog Posts

Sequoia Exits $VRX Position, Reports 13.2% Loss For First Half

These guys just suck, plain and simple. Not only did they lose 90% on their largest position, they probably sold it near the bottom too. I don’t see how this is bad news for VRX, since they had no idea what they were doing anyway. Still, Sequoia was Valeant’s largest shareholder, ever bigger than big, stupid, Pershing Square.

Their mea culpa and -13.2% ytd reveal.

image

The he net result? They now find themselves in the buxom of Warren Buffett and a bunch of cash.

image

They should stop to embarrassment and shut this shit down.

If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. The Maven

    Buy high, sell low. Investors should lynch the new management at the next meeting. Just take them out back and hang them.

    • 0
    • 0
    • 0 Deem this to be "Fake News"