This is an overhyped stock. The company was built to take advantage of the EHR incentives for Doctors. Disgusting Executive compensation plan. Now they are not even profitable. Garbage.
Insiders unloaded tons of shares, even as late as yesterday. I listened to the live CC. The only thing management sounded tickled about was the CEO returning from his long term sabbatical and him running in the Boston Marathon. Every performance metric missed by a wide margin. It wasn't even close. The company now took on debt and the CFO recently resigned. This company looks just like a March 2001 Bubble crash to me. This stock could crash to $15 and still be overvalued on every metric.
If a pop star says he is shorting a stock, investors will leave. Einhorn is a rich hedgie with spectacular successes. Who is going to say he is wrong?
David Einhorn may short athn when it was around 200. Now he finishes shorting and declares athn may be down 80% so panic, naieve investors sale their shares with a big loss and short sellers jump in and David Einhorn happily covers his short with really big profit. Some other hedge fund managers such as coporate raider Carl Icahn, Bill Ackman jump in to buy. A month later they reveal they bought athn and investors jump in to buy to push price higher and short seller get a big loss then cycle starts again with other stocks.
Welcome to Obamacare. One day, like everywhere else in the world, the GOVERNMENT will decide what is medically necessary and what medical procedures are covered or count toward your deductible. Well, it's already done today on the senior circuit. Nobody did anything about it for over 50 years. The system just charged non-seniors MORE to try to put a band-aid on the system. Now, it will be far worse for EVERYONE.
Deductible of $10,000 plus in and out of network met for the year per Aetna contract. ATHN now saying they can pick and choose what medical procedures count as part of the deductible. No way to contact someone in their agency except by e-mail. Fraud, they should be jailed.
Sell the stock it is trash
Sentiment: Strong Sell
WRONG. He doubled down with the stock at $20 or 8x AT THE SAME CONFERENCE the following year and proceeded to lose his shirt.
people can say whatever they want. That, as far as I know, is in the constitution. Don't blame the speaker, blame the lemmings that follow, or the investor who has not done his research. This might be an incredible buying opportunity, or the beginning of a further 10-20% drop. If you own it, you better decide fast, or sell calls against your position.
of their value in one minutes. As far as athn is concerned, just look at all the insider selling. It's obvious to anyone with a functioning brain that this company continues to be pricey (forward PE of 96 if they are lucky).