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Alere Inc. Message Board

  • four2sixweeks four2sixweeks Mar 2, 2012 6:02 AM Flag

    Restatement of earnings ??

    Restate earnings lower by 4 cents (in the middle of the night !!)
    Does anyone have a clue in this company ??
    Does the CEO know what organic growth is ??
    Using BILLIONS of debt to buy companies ??
    Overpaying for acquisitions to bolster bottom line ??
    I am a VERY CONCERNED investor. CEO has shown a pattern of foolish acquisitions for billions of wasted $ (Can you say Matria ??)
    What's next ??

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    • Very perceptive.

      They did restate earnings lower by 4 cents & did in fact put out a Press Release at 9pm est!! This is likely why the price is going down, although slowly.

      Stock was $24.52, they release that they beat by 3 cents, stock rises to intra-day high over $27!

      Then, less than 3 weeks later they say that - oh, sorry guys, we really fell short by 1 cent on the quarter.



      As for organic growth, good point. The only way they grow is through acquisitions.

      I am also concerned.

      • 1 Reply to cashman999_2000
      • I'm not a Corporate finance guy-just an investor.
        What would Wall Street reaction had been if they announced a 1 cent miss on already lowered earnings expectations ?
        Thank god someone in finance botched the numbers !!
        I own some stock that I bought in '08 right before Matria deal. I think I paid mid 50's !!!
        Since then they have acquired many companies and are still selling at a 50% discount.

        I am concerned about their balance sheet and extremely high level of debt. I have hung tough but CEO shows me nothing. I am concerned that next stop is $20

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