Description: Troubled drug company refinanced debt, extended maturities and adjusted terms last quarter

Source: MarketWatch.com

Date: May 12, 2017

Link: http://www.marketwatch.com/story/valeant-shares-rocket-23-as-investors-cheer-moves-to-reduce-debt-2017-05-09?siteid=nwtwk

Questions for discussion:

• Why did the stock price jump?
• Do you think the current value is fair, with respect to the level of debt and revenue projections?