- not happy with the vials as it shows the trend in scripts vs paid scripts isn't getting better
- not happy with the vials because even though I had some sample data (not as much as I usually do), I apparently only got the glossy subsets and anxiously await more data so I can nail down regions, commercial vs Medicaid, etc.
- not happy with the addition of SEC and other AG although we have NO IDEA what they are getting involved for.
- Revenue was nice and meets the minimum estimates
- EPS was fine
- Rheum growth fine
- Vials per script is improving which is reversing a bad trend from June 2012 thru 2013 Q1, so nice.
BTW, I haven't researched in depth but apparently there are reports out today that Highmark, Independence, Florida something or other, and one other, have a combined @ 500k insured that are losing their commercial insurance and either have to buy more expensive policies or press their luck with the Obamacare slot machine. Anyone got anything more on this? Need to start researching.
Still NUETRAL, sold my trading shares at $72 right before the call. Other mid to long term straddles, etc. still in place.
Patenright, I have NEVER been neutral on the earnings. My post history shows that statement repeatedly.
I was/am neutral on longer term PPS based on catalysts that may or may not happen.
So I had my finger on the trigger to sell my shares between what we knew was going to be at least 1.50 EPS on the wires, and the CC. Amazed the spike was so muted as I was hoping to get the mid 80s on at least half and maybe a few bucks more on the rest. Oh well... I took what I could get.
If you were neutral, would you have played it any other way? Known decent earnings but concerns about future PPS moves...
why on earth would you sell your trading shares if you knew earnings would be stellar? Weren't you predicting $100 by year end? the stellar earnings would be a massive catalyst for that (without this temporary monkey wrench)
Dude seriously, how many times do I have to repeat that I am neutral in one month? Just that stance alone means you sell into an earnings run up, for better (locked profit) or worse ( missed potential profit ).
Not to mention how many times I have said in the last year that I would rather miss out on more profit than risk loss.
It's all in that book i keep telling folks about the past year. The author lived the dream from rags to riches to rags and had lessons like that one. It's the bible of stock trading.
Excellent, informative update, mikey - thanks! I have no notion why anyone would red-thumb these posts. I think you set stock in these reactions, but if so you really should not. On many sites you can see who (Dis)Liked posts in a drop-down box. Wonder whether such an enhancement would make a difference here.
Does your first bullet mean that the proportion of scripts that cannot be timely processed by the RC is not improving (a la Q1)? Wonder what rev and EPS might have been if these issues had been fully ironed out.
Regarding policy cancellations, today's news was that fully 50-75% of private policies will be canceled (and more expensive replacements offered that may or may not be to satisfaction of holders), and that the White House has known all along that the "you can keep your existing policy if you like it" was a non-starter. I cannot understand why a generous impulse to stake the poorest to insurance and/or healthcare has to lead to the wholesale bullying and repression of the rest of the population. But that's another story.
Just trying to distract myself from the incredible bummer of the investigation expansions.
Hey Michael, according to you and your data QCOR is going to $100 per share by the end of this year.
But that doesn't take into consideration scripts vs paid scripts and the expanded investigation by
The SEC and The AG? Does it factor in about three more possible bear raids before the end of the year?
I guess your data doesn't take into consideration that sh1t happens in the real world.
You either lack experience or you could care less if your price target hits or not.
No need to respond and tell me any more of your B*S* because as far as your
$100 price target by the end of the year, that is just an irresponsible thing to say.
Especially for someone who has a following. Do you think you still do?
With all due respect:
I see no sense in bashing Mikey for what happened today. How in the world would anyone of us known about the expanded investigation. We all, including myself, ultimately have to be responsible for our own decisions.
We can't change what happened and we have to move forward from here. The question is where is the stock going and do you move on or hold for what looks like may be a while.
I dunno but I have heard that the reason for these cancellations is that the existing policies don't meet the requirements of ACA. Being self employed, I'm not happy with all of this mess but hopefully it will eventually work out by next spring or it will be so fouled they'll put it on hold for a year?
This board has become a refuge for those who share the same or similar opinions about QCOR. It is remarkable that these investors (including myself) did not seriously account for the possibility of an escalated government investigation or involvement. I'm 29 years old, but learned a valuable lesson summarized best by the words of John Wooden: "Failing to prepare is preparing to fail."
Thanks for your help.
Want to see the trade records... 4 accounts with shares, and if you watched the $72 mark, it kept getting a bit hammered. That was me.
But hey, if you want to see trade records, more than happy to share them. Send me your email address.
Why would someone NEUTRAL hold into earnings??? Silly AnalInspector, send me your email and let's chat.