News For ATHN From The Last 14 Days Check below for free stories on ATHN the last two weeks.
There are 3 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing. |
|
February 7, 2010
|
| 21:51 EDT |  | ATHN |
| theflyonthewall.com: | Athenahealth's recent earnings restatement raises red flags, Barron's says | | Athenahealth's (ATHN) restatement, even in Friday's volatile market, proved a nonevent, says Barron's. In fact, the stock actually rallied, ending the day at 40.61, up 67c, or 1.7%, as most analysts who follow the stock continued to sing the company's praises. But investors would be wise to pay attention to the back-story leading to the restatement, management's handling of the situation, and insiders using the strength in the shares by the flawed adjusted profit to unload more than $25M of stock in the past 12 months. Jonathan Bush, first cousin of George W. Bush, in particular sold more than $6M of stock over the period. Finally, investors should be concerned that the SEC might take some action. The agency has become more hard-nosed about such non-GAAP disclosures lately. It wasn't that the company didn't know the accounting problem existed. Last December a Brean Murray Carret analyst, Bret Jones, discovered the mistake and brought it to management's attention. But, he told Barron's, he was stonewalled by the company. Barron's over the last three weeks made two calls to the company and received a similar runaround. Bottom-line: The stock has doubled from its two-year low, thanks to a strong competitive position. But an accounting issue and insider selling give reason for pause, says Barron's. Reference Link :theflyonthewall.com |
|
|
February 1, 2010
|
| 09:34 EDT |  | ATHN |
|
|
January 26, 2010
|
| 09:01 EDT |  | ATHN |
| theflyonthewall.com: | Athenahealth selected by Day Kimball Healthcare | | athenahealth announced that Day Kimball Healthcare has selected athenahealth’s electronic health record service, athenaClinicalsSM, as part of a new clinical connectivity platform designed to improve care and outcomes for patients across its healthcare system. :theflyonthewall.com |
|
|
|
Subscribe for More Information