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McKesson Corporation Message Board

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  • b_zerkley b_zerkley Apr 28, 1999 11:35 AM Flag

    Why were insiders buying

    This may be overdone, but unfortunately when
    management loses creditability, the company no longer gets
    to keep the BIG P/E. I doubt the existing management
    team can reverse this creditability gap. Someone needs
    to go quickly, or the P/E will drop to below the
    market's average. Probably will regardless unless analysts
    become convinced that this is an isolated occurence. I
    wish it wasn't so, but it is. I'm hoping for a bounce
    into the low 40's (probably foolishly so).