Want to know how it feels to have 70% of your market cap vanish in little under three months? Ask Canada’s stock darling, Valeant Pharmaceuticals.
Once lauded as an unstoppable growth machine, Valeant Pharmaceuticals has been mired in controversy and has seen its stock plunge over 70% over the last three months. Needless to say, Valeant is struggling to gain traction from its precipitous slide. To provide some brief context, Valeant’s mass sell-off was triggered by a report released […]