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Athenahealth, Inc. (ATHN) Message Board

  • chickenhatsdotcom chickenhatsdotcom Jan 3, 2012 12:11 PM Flag

    Back in my short position here at $50.15 .....

    after covering last week at $48.85 from my first short position at $49.51 ..... kool-aid will run dry in 2012, especially with EPS guidance (mid-point) of .92, or an astronomical P/E of 54 and a business model that obviously needed an adjustment. Wayyyyy too much risk in going long this name. With EPS flat YOY 2012 to 2011, no wayyyyyy this stock gets a multiple of 54, even with 30% revenue growth. Give it a P/E of 30 to match its revenue growth rate or a stock price of $27.60, but without 30% growth in EPS, I don't know how you'd even assign this a 30 P/E. I'm still LOL at Oppenheimer's upgrading of the stock with a $34 price target.

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