RE:share priceHere's the issue though.
Even at this much lower price the stock trades at 18x next twelve months p/e and 10.5 ev/ebitda.
That's not cheap for a company with below peer group growth.
The issue was the stock was expensive at 19. now it's just re-rating to a valuation that better reflects the business.
nothing is wrong with the company. just going from overvalued to fairly valued.
If they do an accretive transaction that materially improves the business and earnings/cash flow, stock should go higher. Like every other acquisition healthcare company (NHC, CRH, GUD, CXR, etc.)