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Athenahealth, Inc. (ATHN) Message Board

  • techglass1 techglass1 Mar 15, 2013 2:51 PM Flag

    20% of float is short thats why the stock is so high..shorts getting creamed

    5x revenues and over 60x earnings.......wouldnt buy it or short it...

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    • georgespelvin Mar 18, 2013 4:48 PM Flag

      Short squeezes are short term spasms that do not alter the ultimate direction, which is achieved on merit.
      Today down by $3 without oddly placed 10k share trades supporting it at fifty cent price intervals. The P/E is not 60 or 70. It is twice that and the forward P/E estimate relevance will be borne out or discredited by soon to be revealed facts. I do not see how Athena can justify these numbers. It has no truly distinguishing offerings other than the promotion around it and I have seen these high flyers come and go over the course of 30 years. "The Cloud" is almost an irrelevancy. Who is not on "The Cloud"?

126.12+2.05(+1.65%)Sep 30 4:00 PMEDT