ACET Short- Reported very poorly last night. Adjus
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Posted On: 08/25/2017 4:01:56 PM
ACET Short- Reported very poorly last night. Adjusted Earnings were .27 vs Consensus of .44, causing a negative earnings surprise of -38.63% . Earnings were down from prior year .35
Company reported "continued price erosion on our...generic products"
Think TEVA, MYL, etc.
Company forecast continued challenges for FY '18, giving Guidance -25.14% lower than Consensus (1.25-1.40 vs 1.77)
The company has no Tangible Value and substantial debt for a company barely a small-cap.
I am short ACET
http://stockcharts.com/h-sc/ui?s=ACET
Company reported "continued price erosion on our...generic products"
Think TEVA, MYL, etc.
Company forecast continued challenges for FY '18, giving Guidance -25.14% lower than Consensus (1.25-1.40 vs 1.77)
The company has no Tangible Value and substantial debt for a company barely a small-cap.
I am short ACET
http://stockcharts.com/h-sc/ui?s=ACET
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