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D&K Healthcare Resources (DKHR) Message Board

  • tropicjack tropicjack Sep 21, 2002 12:04 PM Flag

    DKWD Management

    On August 14th, Thomas Hilton, SVP & CFO reported the following:

    "Accordingly, before one-time charges related to the implementation of SFAS 142, we are projecting fiscal 2003 EPS of at least $1.75 and first quarter EPS of $0.30 to $0.31."

    On September 16th, just after publishing the above guidance, DKWD management issues the following:

    St. Louis, Missouri - September 16, 2002 - D&K Healthcare Resources, Inc. (NASDAQ: DKWD) announced today that as a result of lower than expected sales in its fiscal 2003 first quarter, the Company's seasonally slowest period, D&K is reducing its EPS guidance before one-time charges related to the implementation of SFAS 142 to approximately $0.13 - $0.17, from $0.30 to $0.31"

    Anyone know of any major management stock selling during this time? This is either terrible forecasting or an intentional effort to mislead shareholders.

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