Jim Cramer: I’m Watching Valeant and Its Debt Load
When Valeant was trading in the $150s, down mightily from its highs around $263, Jim Cramer recalls when noted short-seller Andrew Left said to sell the stock.
When Valeant (VRX) was trading in the $150s, down mightily from its highs around $263, TheStreet's Jim Cramer recalls when noted short-seller Andrew Left said to sell the stock. Aside from Left's short call, Sequoia Fund recently sold its large long position, while former CEO Michael Pearson sold 5 million shares. Some argued it was for a margin call. Cramer didn't care, 'you find money to make margin call, you don't sell stock unless you think it's not that good.'
This article was written by a staff member of TheStreet.
