RE:question Koruption wrote" Can anyone tell me what happened with in the company to justify a nearly $10.00 drop in SP since the high."
1.Before covid VMD was tanking because growth slowed for 40% annually to 20%. Plus margin expansion was flat. S/P Low $6.50
2. When covid hit, VMD took off again to $16.00 due to covid sales and the assumption a vaccine could take up to 5 years to be produced.
3. VMD started to tank again down to $12.00 when the vaccine approval was announced but the company was still struggling with core business growth and margin expansion.
4.The company then got hit with a scathings OIG report that could cost the company millions in repayments and is still in limbo.
5. A major supplier Philips had a recall on its equipment that effected the vent and CPAP industries with shortages.
6. The cost of equipment has risen due to lack of computer chips and other costs,yet the reinbursment rates have remained stagnant.
7. The tight labor market in the US has caused labor wage costs to rise and difficulty in finding new employees.
8. Lastly, all the hype and promotion to bring the stock to $16.00 is gone.
GLTA