SeaWorld's Sea Change
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 18 March 2016
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money |
| 0:20.3 | radio show. I'm Chris Ellin joining me in studio this week for Million Dollar Portfolio |
| 0:23.9 | Jason Moser and for Million Dollar Portfolio and Supernova Matt Argersinger and Simon Erickson |
| 0:29.4 | Good to see you as always, gentlemen. We have got the latest headlines from Wall Street. |
| 0:33.5 | We will head to Austin, Texas for a report from South by Southwest and as always we'll |
| 0:38.0 | give you an inside look at the stocks on our radar. But we begin this week in the healthcare |
| 0:42.1 | industry shares of valiant pharmaceuticals down 60% after the company said it would miss |
| 0:48.0 | a deadline to file its annual report. CEO Mike Pearson sent a memo to employees assuring |
| 0:53.2 | them that the company was not on the verge of bankruptcy. I guess it just kind of looks |
| 0:57.8 | that way, huh Matt? Chris, it was gosh, three weeks ago, I think we were on the show and |
| 1:03.3 | we said, you know, where there's smoke, there's fire. Well, it turns out there's actually |
| 1:06.6 | napalm. It comes with nine pharmaceuticals, you know, not to be dramatic. But this is a |
| 1:11.8 | company with a lot of problems right now. So delaying the 10K filing, companies do that |
| 1:17.2 | a lot. But usually for the wrong reasons, it's usually there's an accounting irregularity |
| 1:21.4 | and it turns out they probably have several. And what that does, more worrisome is that |
| 1:27.2 | that's going to trigger possibly from their bank lenders accelerated debt payments. Now |
| 1:31.7 | this is a company with $30 billion in debt, three times the market cap right now, a Sri |
| 1:36.9 | ankan market cap. And you have the CEO who's potentially leaving, you have a shifting |
| 1:41.5 | back towards what they say is going to be organic organic growth versus acquisitions, |
| 1:45.8 | which was what they're known for. There's so many red flags. I don't even know where |
| 1:50.0 | to start with this one. And if you're an investor who's looking at this company and thinking, |
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