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Athenahealth, Inc. (ATHN) Message Board

  • i_bump_you i_bump_you Dec 17, 2011 1:43 PM Flag

    MY FRIEND SCOTT SHORTED @ $41

     

    He was hoping to cover at $37, and now he is worried.

    any suggestions?

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    • Your friend will see his $37.00 target and Oppenheimer's $34.00 target will be reached as well, Margins are being compressed big time and the reason the stock carried such a high valuation to begin with was the 30% growth rate, but it's now a completely new ball game with the EPS revisions to zero EPS growth for all of 2012 which will bring down the rich premium this stock has always seen. A forward P/E of 20 using the mid-point of guidance would imply a stock price of $18.40 and I don't think the stock even deserves that rich of a multiple.

 
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