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Bio-Reference Laboratories, Inc Message Board

  • japanese3hbaby japanese3hbaby Dec 3, 2013 3:29 PM Flag

    Short sentiment persists after earnings disappointment

    Posting some findings further suggesting the management team is very questionable: there are i) medicaid billing errors and ii) high insider selling.

    After googling “Howard Dubinett fraud”, I came across BRLI’s Medicaid Audit. A Medicaid agent randomly inspected 200 of BRLI’s claims and found that 46 of them contained errors.

    Insider Transactions (2008 to present)
    Sep-13 DUBINETT HOWARD COO S(20,000) $29.40 ($588,000)
    Jun-13 SINGER SAM CFO S(4,000) $28.95 ($115,800)

    Sentiment: Sell

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