Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,606.49
(
-0.27%
)
US TECH 100
23,720.80
(
0.00%
)
Dow Jones
46,021.43
(
-0.44%
)
Brent Oil
104.33
(
-0.10%
)
Bitcoin
70,997.00
(
1.57%
)
News Focus
News Focus
Post# of 257262
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 843
Posts 122802
Boards Moderated 10
Alias Born 09/05/2002

DewDiligence

Member Level

Re: turtlepower post# 94672

Friday, 04/23/2010 8:02:03 PM

Friday, April 23, 2010 8:02:03 PM

Post# of 257262

Perhaps [Big Pharma] are looking for an excuse for earnings shortcomings.

The mandatory Medicaid price cuts that were retroactive to 1-Jan-2010 were the primary cause of Big Pharma’s earnings shortfalls in 1Q10 relative to prior guidance. These are quantifiable hard numbers, not spin.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now