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Biotech / Medical : Pediatrix Medical Group (PDX)
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To: Toby Zidle who wrote (62)2/22/1999 2:07:00 PM
From: TRIIBoy  Read Replies (1) of 431
 
As early as last week management was claiming that it would go ahead with the split, why the sudden change?

Also, many were anticipating the news to be positive, somehow expecting an audit to be complete by now!

I doubt people understand what it means that auditors are looking into accounts receivables.

PDX will continue to drift downwards as resolution of these issues take longer than expected to be resolved.

Anyone accumluting this stock before the auditors are done is simply an idiot. There is not one example of accounting irregularities where the stock went up before or after the audit was done. Those stocks kept going down and down finally recovering months later usually in single digits.

See MDM, OXHP, CD, and TRII.
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