That the divided opinion and positions were not definitively resolved by today's announcement or conference call. Both sides still convinced that they're right. The longs taking this as a one "off" quarter that was presaged in last Q's conf. call with a VERY positive Q1 conference call. The shorts convinced that today's VERY DISAPPOINTING Quarterly report was proof positive that they had it nailed. What is crystal clear to me and should be to all here is that we need to continue to wait to see how this story plays out !!!
Agree with Saram. The thing with QCOR is that the stock is currently valued as if the business is not sustainable. What company would not be thrilled with the Y/Y growth they had in Q1? But QCOR is measured sequentially. So expectations are of sequential growth while valuation implies no growth. Big disconnect. If you believe one bad quarter is the start of a trend then the valuation would be justified. The message in the CC was that Q1 was just a bad quarter and not the start of a trend. And most importantly reimbursement has not changed, doctors attitudes have not changed, competitive landscape has not changes...does not sound like an unsustainable business to me.
As I recal, Bailey said specifically that the April scripts specifically showed that the company is as viable as ever. Your point is wise - the market has been programmed by th shorts to view QCOR as a company waiting to show signs of stoping, not a company with an overall growth trend.
We're this Amazondotcm, you would see the stock go up rapidly after the rankings report was digested even with the miss.
The very encouraging thing is that NONE of the disaster stories promulgated by shorty have played out. Just another quarter of docs prescribing Acthar for what ails ya. Business as usual, full steam ahead! QCOR still way undervalued by traditional metrics...