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
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