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More than just a Hiccup?
By Staff Reporters
According to TheStreet, health care information company AthenaHealth(ATHN Quote) just announced what seemed like a minor account hiccup.
Last night however, another accounting hiccup for AthenaHealth surfaced, and the health care information company announced that it will be postponing its fourth-quarter earnings.
Link: http://www.thestreet.com/story/10690575/1/athena-health-dives-on-accounting-issues.html
Assessment
Investors now fear that the seemingly isolated accounting events, one right on top of the other, could snowball.
According to one physician-investor,“this looks less like a hiccup, and more like a spasm of the diaphragm, which is innervated by the phrenic nerve.”
Conclusion
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Filed under: Breaking News, Information Technology, Investing, Portfolio Management | Tagged: AthenaHealth, ATHN, phrenic nerve, TheStreet | 1 Comment »
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