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Athenahealth, Inc. (ATHN) Message Board

  • georgespelvin Feb 12, 2013 5:04 PM Flag

    Greenway compared to Athena

    Greenway just reported. It made nearly 3 times what Athena made and its market cap is less than 1/6th and its founders own over 50% of the market cap. AND, the share price is sinking. It sells for a current P/E of about 20% of that of Athena.

    They are for all intents and purposes in the same business as Athena only they have a very fine EMR. They do RCM. They do CLOUD for those who have an emotional attachment to the word CLOUD.

    Not one single competitor of Athena begins to have a stock price like that of Athena. Not one. And I guess the reason for that is that Athena has convinced the all unknowing that they are different from the others. They are not. The only thing they have is a CEO who says they are and an adoring public that wants to believe. All Tinkerbells.

    What more needs to be said? It is bizarre. It will not stay bizarre forever. This stock is richer than Microsoft ever was, than Sun ever was, than Oracle ever was, than Cisco ever was, then IBM ever was.

    It is an accident waiting to happen.

    Which does not mean it is a bad company. It is just a horrific stock. Before this is over the institutions will shrug and the little believers will sob. Institutions are entities that manage peoples' money until they don't have any more. They just take longer than individuals with eTrade accounts.

    Sentiment: Strong Sell

123.83-0.79(-0.63%)Sep 23 4:00 PMEDT