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Stock Market & Financial Investment News

News Breaks
April 26, 2013
10:28 EDTNHCNational Healthcare trading halted, pending news
News For NHC From The Last 14 Days
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October 9, 2015
14:55 EDTNHCNobilis Health slumps after short-seller calls for 65% downside
A Seeking Alpha contributor who disclosed short positions in shares of both Nobilis Health (HLTH) and National Healthcare (NHC), going by the alias "The Emperor Has No Clothes," published a report earlier that claimed the shares of Nobilis have downside potential of 65% or more. According to the blog post author, Nobilis' management team have experience with prior roll ups losing over 90% of shareholder value. Additionally, the short-seller points to "accounting red flags" at the company, such as CFO changes, auditor resignations and potentially overstated revenues. The blog also claims the company "appears to be guiding for unachievable targets." WHAT'S NOTABLE: Nobilis Health, at the request of Market Surveillance on behalf of the Toronto Stock Exchange, issued a press release stating that the company is not aware of any material undisclosed development that has caused the downward movement in the company's share price. PRICE ACTION: Shares of Nobilis trading in New York fell 23.7% to $4 in New York trading this afternoon.

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