PSS World Medical (PSSI) Volatile on Negative Report
Tweet
Share
E-mailGet Alerts PSSI Hot Sheet
Price: $28.92 --0%
Rating Summary:
0 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
0 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
PSS World Medical Inc. (NASDAQ: PSSI) is seeing extreme volatility Wednesday after TheStreetSweeper.org issued a negative report on the company.
The reports highlighted a heavy debt load and forensic accountant Keith Mautner said it wouldn't surprise him if the company was " trying to hide something."
"They're doing things companies that engage in fraud also do, but that doesn't necessarily mean they are engaging in fraud themselves," Mautner added.
Issues that deserve closer examination, according to TheStreetSweeper, include: Falling profits; history of missed estimates; Failed buy-out shears shareholders, fires up concerns; Heavy debt; Restructuring bothers analysts; Some analysts downgrade; Losing out to big competitors; Inadequate hospital distribution; Insiders selling.
TheStreetSweeper disclosed that it has sold a total of 124,203 shares of PSSI short at an average price of $22.66 a share.
After falling as low as $21.27 upon the release of the report, shares recovered are are now down just 0.6% to $22.86.
The reports highlighted a heavy debt load and forensic accountant Keith Mautner said it wouldn't surprise him if the company was " trying to hide something."
"They're doing things companies that engage in fraud also do, but that doesn't necessarily mean they are engaging in fraud themselves," Mautner added.
Issues that deserve closer examination, according to TheStreetSweeper, include: Falling profits; history of missed estimates; Failed buy-out shears shareholders, fires up concerns; Heavy debt; Restructuring bothers analysts; Some analysts downgrade; Losing out to big competitors; Inadequate hospital distribution; Insiders selling.
TheStreetSweeper disclosed that it has sold a total of 124,203 shares of PSSI short at an average price of $22.66 a share.
After falling as low as $21.27 upon the release of the report, shares recovered are are now down just 0.6% to $22.86.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Primerica (PRI) Mentioned Cautiously at Bear Cave
- Inspire Medical (INSP), ResMed (RMD) on Watch Following Report on Sleep Apnea
- EU Regulators Asked TikTok for Information on Launch of TikTok Lite in France, Spain - Reuters
Create E-mail Alert Related Categories
Analyst Comments, Insiders' Blog, Trader TalkRelated Entities
TheStreetSweeperSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
