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Athenahealth, Inc. (ATHN) Message Board

  • georgespelvin May 23, 2013 4:31 PM Flag

    Second attempt to post the amended 8K figures concerning Epocrates acquisition

    They spent just under $300 million. What did they get? These figures are from their own just amended 8-K with the SEC.


    2010 $104 million
    2011 $113 million
    2013 $111 million

    hardly nipple hardening...

    Actual real GAAP net profits or losses (not before bad stuff)

    2010 $3.8 million profit
    2011 $3.6 million LOSS
    2012 $3.4 million LOSS

    still waiting for a bracing cool wind...

    Balance Sheet

    Current assets $112 million
    IPO at end of 2010 $64 million which was the net.

    $20 million was expenses for the IPO. Shareholders paid over $80 million of which only $64 million went to the company. Love that Wall Street. They should be PI lawyers.

    The reason for the acquisition is they need a story. Stories is what nickel rockets depend on when they cannot depend on profits. Every story stock comes with a bad ending because people pay too much for stories and not enough for earnings.

    the idea that the large funds that have invested in Athena have a clue as to what they have invested in is absurd. If I have to listen to one more pundit wax eloquent about "the cloud" I will vomit. They will not understand what a cloud is until they are caught without a jacket or an umbrella.

    Sentiment: Strong Sell

126.20+2.13(+1.72%)2:40 PMEDT