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DewDiligence

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DewDiligence

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Re: turtlepower post# 94672

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

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

Post# of 257644

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!”

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