Seeking Alpha

After getting crushed yesterday on account of weak 2012 guidance, Athenahealth (ATHN +1.5%) is...

After getting crushed yesterday on account of weak 2012 guidance, Athenahealth (ATHN +1.5%) is bouncing a little today following upgrades from Oppenheimer, Citi, and Leerink Swann. Leerink touts the company's revenue growth outlook and product quality, and expects improving margins by the end of 2012.
From other sites
Comments (2)
  • where's mick flaherty ?
    , contributor
    Comments (85) | Send Message
    ATHN is in a sweet spot as the mandatory records availability,
    sharing thereof etc.,etc.,is upon the industry.


    It appears that ATHN has some unique advantages to accomplish
    the tasks required and remain friendly to doctors and administrators.


    A lot of well armed competition in this arena but the timing is right to enter at a sensible price.


    16 Dec 2011, 05:10 PM Reply Like
  • tradermarc
    , contributor
    Comments (56) | Send Message
    This looks wildly overvalued at this time and facing stiff competition from private companies. Athena must wow the street for this to appreciate further after earnings are announced on Feb 15th. The EMR space is becoming saturated with more doctors and hospitals already settling on their vendor of choice. Think of Cerner, McKesson, Allscripts, EPIC among a few hundred others that are all competing for the same customers and with the Meaningful Use incentive payments paving the way for fast adoption of EMR. The next year or two will see most doctors and hospitals having already adopted & implemented their software. After that, it will be massive M&A activity that will fuel growth. I wouldn't pay a 101x TTM PE for this.
    2 Feb 2012, 02:23 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs