Cardinal Health, Inc. (CAH) was trading above $43.00 just two weeks ago, on August 1st. A few days later, due to “missed” earnings, the company’s stock quickly fell almost 10%, to the $39.00 range.
Though Cardinal Health, Inc.’s fiscal fourth quarter net income rose 17%, from $203 million the previous quarter to $236 million, the company’s revenue remained flat, $26.8 billion versus Wall Street’s projected $27.3 billion (Yahoo Finance). This revenue miss played a large part in the stock’s post-earnings tumble.
But now that the dust has settled, Cardinal Health, Inc. looks to be offering a bargain to investors looking for such. As mentioned, the company’s stock fell to the $39.00 level after missing revenue projections…
Read the full article at http://seekingalpha.com/article/809981-cardinal-health-now-a-bargain-with-appealing-upside.