Replies to post #375373 on Naz News, Gappers and FLE''s

[MiamiGent]

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