Valeant’s downfall in one chart.
Even with this already damaged company, Bill Ackman (CEO of Pershing Square) bought more shares as today’s (11/23/2015) filing reveals.
Pershing Square now beneficially owns 34.1M shares or ~$3 Billion USD worth of Valeant shares.
P/E valuation of 49 is still very high (for me) as a value investor. Adding Charlie Munger’s “deeply immoral’ view of the company keeps me away from buying the stock.