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SeraCare Life Sciences Inc. (SRLSE) Message Board

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  • whymechi whymechi Dec 20, 2005 9:14 AM Flag

    ROFLMAO

    Yes, you are right. The IBD 100 is just math. The news this morning is a death nell for the near & midterm. I worked for a company that had the exact same problem (ADAC Labs). The accounting issues were very real even though the products were excellent and the demand for them was very high.

    The problem was driven by management greed as their incentives were based on stock options. A new accounting firm came in and threw out all the practices that they used to pump up the stock price. It dropped from 32 to 4. It never fully recovered. The low stock price tempted competitor into a buyout that went through at about 16 2 years later.

 

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