Founder and former PIMCO chief, now head honcho at Janus Capital Bill Gross took to Twitter to comment on the drama happening over at Valeant Pharmaceuticals. And he's blaming global monetary policy?
Gross: Valeant biz model was based on leverage and fincl. engineering. At the extreme it mirrors global monetary policy and their economies.
— Janus Capital (@JanusCapital) March 22, 2016
Valeant is on 'clean-up' duty right now after the company stock plunged last week when management cut growth and revenue estimates. Oh yeah, they also kicked the CFO out and found some errors in the annual report...Take a look at the company's chart...stock plunged to 6-year lows.
Gross to Yellen: LEAD BY EXAMPLE!
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