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Accretive Health, Inc. Message Board

  • hopelessindie hopelessindie Dec 16, 2013 2:50 PM Flag

    PiperJaffray, aka University of Phoenix alumni association, called out in Barrons

    Bill Alpert calls out PiperJaffray analyst's recommendation on AthenaHealth -

    "But all year, the financial models of bulls like PiperJaffray's Sean Wieland were clearly applying a 30% growth expectation to their forecasts for athenahealth revenue, not bookings. Bush, Adams, and another executive sold more than $6 million worth of stock in October, as Wieland and other analysts raised their athenahealth price targets to as high as $180. Wieland lowered his target to $170 after Thursday's meeting, while sticking to his Overweight recommendation. The company waited until last week to tell Wall Street it was applying the 30% growth rate to the wrong number."

    Still taking investment recommendations from Sean Wieland? Good luck.

    Here is the article on Athena Health (ATHN) - http://online.barrons.com/article/SB50001424053111904009804579248284097640654.html?mod=googlenews_barrons#articleTabs_article%3D1
    From the article -

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