The uncertainty regarding the potential legal costs that the vultures (excuse me the attorneys) are currently calling that the company has engaged in "securities fraud "is a concern.
I suspect that a settlement will be reached, the company will report a poor quarterly result when such settlement is determined, cash will be expended which could have been used for far more productive purposes than enriching legal council and providing some meager crumbs that certainly would be far far insufficient to satisfy the"hunger " (greed) of the vultures (attorneys) ,to the shareholders, and then its business as usual.
Don't all publicly traded companies disclose in either their annual reports, or in their 8K
reports they file with the SEC a rather comprehensive list of risk factors ?
Or are there other reporting mechanisms that I have failed to identify?
Are these disclosures insufficient and if so why?
Please someone help this"ham and egger" understand.
Technically this is the perfect Fraud Op. Pump dump. It smells like dead fish.. SPAM ALERT
Fund managers need to drop the dogs during this correction period. The market leaders will not be affected as much, as they prepare for new stock price highs in the coming months.
How can a company grow revs 4%/year, when the market need is growing 40%/yr ? Losing market share ? wow. Best wishes to all.
Go figure. The market's down today, the company badly missed on third quarter earnings, revenues down from the prior year's third quarter, the vultures (excuse me attorneys) barking securities fraud and the stock goes up 8.42% in one day??????????????????
I still don't regret closing out my position last week, after the impairments charge was announced. Go figure!!!
In other news, Quality Systems announced that, based on a preliminary review of its financial results, the Company's results will be below analysts' consensus expectations for revenues and earnings per share, for the Company's fiscal 2014 third quarter ended December 31, 2013. Impacting the results were several factors, including: lower-than-anticipated results from the Hospital Solutions Division; a reduction in capitalized software development costs; and, increased amortization of capitalized software development costs relating to the release of NextGen® Ambulatory EHR version 5.8 and 8.3, which occurred during the quarter. Any impairment charge related to the long-lived assets of the Hospital Solutions Division could also adversely impact third quarter results.
Quality Systems announces impairments in its hospital solutions division; 'results wil be below analysts' consensus expectations for revenues and earnings per share (20.94 +0.07)
Co announced that it is performing a review of certain long-lived assets within its Hospital Solutions Division, and expects to record a non-cash charge for the impairment of certain long-lived assets in its fiscal 2014 third quarter ended December 31, 2013. While the Company has not yet determined the amount of the charge, the long-term assets within the Hospital Solutions Division that are under impairment review have an aggregate net book value of approximately $30 million. The amount of the impairment charge is expected to be a portion or all of the long-term assets of the Hospital Solutions Division. The impairment review stems from the operating results of the Hospital Solutions Division, which has performed below internal expectations, while the Company continues to significantly invest in customer satisfaction, development and infrastructure and has experienced a slowing of system sales. Under accounting rules, when indicators of potential impairment are identified, companies are required to conduct a review of the carrying amounts of goodwill and other long-lived assets to determine if an impairment exists. The Company continues to work through its backlog on implementations as it helps prepare clients to attest for Meaningful Use Stage 2 and the effective adoption of ICD-10.