SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : McKesson HBOC (MCK)
MCK 836.00+1.4%1:32 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug who wrote (91)5/27/1999 7:05:00 AM
From: Exciton  Read Replies (1) of 165
 
12 months may not be enough if you believe that the Cendant model is relevant. CDs accounting disaster hit in April 1998. At that time it took an immediate hit from about 40 to about 19. Yesterday, over one year later, it closed at 19 and change. To regain credibility the company has been selling off assets as fast as possible--not exactly a positive story.

There are differences of course between these two companies and perhaps the CD model doesn't apply completely. One thing that MCK must do in short order, however, is purge current management. Heads must roll. Even if all the accounting errors are identified by the end of June, investors will still own a company run by unscrupulous people that may do more unscrupulous things in the future.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News