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Hologic Inc. Message Board

  • barracuda_trader barracuda_trader Aug 5, 2013 5:15 PM Flag

    Diluting stock value by issuing shares to cover stock options given away to management like candy

    From the 3Q earnings report:

    "Third quarter fiscal 2013 non-GAAP net income was $103.2 million, or $0.38 per diluted share, an increase of 11.5% and 8.6%, respectively, compared to $92.6 million, or $0.35 per diluted share, for the same period in the prior year".

    The earning per share % increase was less than the total earnings % increase which clearly indicates number of shares increased YoY. 2012 3Q: ~ 264.6M shares outstanding, 2013 3Q: ~ 271.6M shares outstanding!

    It seems HOLX management has been rewarding its poor performance quite generously. While the stock has underperformed the S&P, NASDAQ and other benchmarks over the past year, management has enriched themselves by issuing stock options, thereby diluting stockholder holding value.

    b_t

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