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Down again today after yesterday's crash. 8.75% was an institution selling. Their business model is broken. They weren't making money with a good reimbursement code, much less the revised one. And there's zero room for international growth as the reimbursement isn't even as generous as Novitas. Again, I wouldn't short the stock as someone might finally catch on to what the future of the industry is and make some smart acquisitions, but I haven't seen any sign of it from anyone in charge over there.
The call yesterday with the CEO and CFO gave no indication that their revenue would increase substantially.
It was said that 5% would be high for just that portion of their billing and business.
Do these analysts who increase their stock valuation significantly the morning after a stock spike get paid by the company or hold shares themselves?
There will be an earnings call tomorrow where they will announce further loss and negative earning/share and this stock has gone up almost 50% in a day and a half.
Will this company every be profitable ?
And yes, I am short only because I can’t understand the reason for such a drastic jump in the stock and valuation over getting their own billing codes, rather than the temporary ones they were using. Even with those codes they are projecting only a very small potential increase in revenue which is low single digits from what they have said on their call.
Very confusing