It appears that selling of the garbage to Harris may have backfired on Poulton and Black.
For years, the analysts on earnings calls had asked for a breakdown of revenues by product line, specifically Veradigm and with arrogance they were told we don't do that.
The stock price was $23 when the rummage sale was announced and now it is $14.60.
Wall street is now seeing that the revenues from the left over garbage that Allscripts kept are lower than expected and even with all the cash on the balance sheet, they may be seeing that the future is bleak
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Let's put it in another light.
Imagine net is like a plants root system. It feeds and grows the plant. It becomes larger as the plant thrives and grows.. now the plant if fully grown (tree) ... The root system is compromised by disease, insects, improper cutting, vandalism, development, etc. The root system shrinks.. no longer able to supply necessary essential nutrients to maintain current size or growth. "Die back" is unavoidable. The plant will die back to the smallest size possible in attempt to survive, if possible.
MBAs are science STUPID. universities have 2 paths when it comes to science. Science for business majors (fluff) and real science for none business majors.
Take away:. Throwing the term net around while ignoring nets patterns ...science STUPID..
"Except cashflow is now better. Sure revenue will be down but it's about the net in the end."
Operating Cash Flow (ttm) -10.74M
Levered Free Cash Flow (ttm) -865.08M
Yes, the future looks bright! (rolling eyes)
Stock market has been up big the past week but Allscrapts is still down !!!
Look at how many attorneys were hired and quit immediately after. Number fudging. ? The remaining product , rebranded Verapig, is a sink ho-e. Less and less and less monies coming in. No note worthy sales in a long time, if any sales maybe a new windows anti virus or back up solution will come out they can sell
Revenue will fall through the floor. Your "net" will be more like 2 fishing lines in a knot. No one will be interested. Maybe short sellers. Changing the names did not change the cr-p products
To @OP+1hKBWCCW
Except cashflow is now better. Sure revenue will be down but it's about the net in the end.