Shareholder lawsuit

Millennial troll. Barely knows how to wipe his own ass...

 

No shit Sherlock. Have you been living under a rock the past year or 2? This is old news. Take your HS degree and learn how to read the news more than once every few months.

 

How totally immature. Glad many of the capable VPs and SVPs left. Seems talent has really deteriorated there. Sold stock awhile back.

 

Today CAH announced sale of China business for $557M despite cost of acquisition price of $578M plus $80M+ in capital deployed. Add the integration cost estimate $100M on front side and back side of deal and total cash outlay in excess of $740M. Total deal is negative and another example of poor capital deployment over the last 8-10 years.

 

Recent China deal--what a fu*king embarrassment

At what point does someone declare that Cardinal's recent business dealings border on criminality? Who is responsible for the 40% loss in Cardinal's book value as reflected by the melt down in the price per share of CAH (since 2013)? Dublin's decisions to purchase (assets from) Medtronic, ITI Negative Pressure (why not just have burned the cash instead? That's what you essentially did when your bought ITI--a dying company already guilty of Medicaid fraud BEFORE CAH bought them!), Cordis, and Access Closure have been profoundly unwise. How's the orthopaedic line doing? Another dumb-ass waste of assets. Remember the Hemcon patch fiasco? How about the surgical site negative pressure (PICO) debacle with Smith & Nephew? Lots and lots of shareholder money pissed away.

But Dublin passed on the Halyard opportunity? Halyard would have been a lot wiser purchase than some of the other moronic business decisons that have emanated from the Einsteins in Dublin..

GB is deposed but Cardinal's C-Suite needs a complete cleansing as there are many more parasites residing there destroying Cardinal from within. Empty suits and empty pant suits (Deb S?)...they gotta go!

 

We can only hope justice comes out of this lawsuit, but I'm skeptical anything positive will benefit the shareholders as a result of this litigation--likely only the lawyers on either side will benefit ("JUST US Lawyers" is the kind of justice I fear will result from this class action). CAH stock is down another 3% today in early trading. Many of the cockroaches responsible for the nosedive in CAH are still on the payroll sucking the corporate teat dry. Every breath these maggots take while on the company dime is an insult to the deceived shareholders who continue to watch their investments and/or retirement accounts plunge.

 

This post (China Deal) is indicative of why our stock price hit a low of $54.88 today--almost (exactly) two years ago CAH was at $89! Because of a cadre of a-holes polluting HQ in Dublin who are bereft of either ethics or business acumen (overt criminality and malfeasance distributing opioids, Fed fines up the yin yang, scores of lawsuits, DUMB acquisitions that have proven a waste of our assets, ad nauseum) there is no bottom to CAH. Hearing some analysts are looking at $45 as a BUY for CAH. Our stock will continue to fall until our wretched management is replaced by ethical pros.

Does the Board even care what's going on? You canned GB (thank you), is moron Don next (please!)?...Please get off your keisters and look out for the Cardinal rank and file and the shareholders--and bring in much wiser professionals than the dunderheads we have now. Hundreds of lower level sales and staff people have been rif'd (or outright fired) during the past 12 months to compensate for the sins of current leadership--ruthless and sadistic what was done to so many loyal Cardinal working stiffs. Please, someone, start enacting positive change before it's too late. Please

 

WOW! Cardinal was honored with a second place finish yesterday (11/20). Wanna know why and where? For posting the second largest percentage drop in the S&P for the day (4.4%)

 

Seven months ago CAH was about $80 a share, today it's $55. At best, leadership is guilty of malfeasance in the governance of this company. At worst, criminality is afoot and some of these people need to go to jail, receive fines, or both. Greed (recklessly distributing the opioid Golden Egg) and moronic business decisions (you paid what for Medtronic and WHY? Cordis? (How stupid was that!) ITI and Access Closure? (Who was on the pipe when these deals were inked?) have been the ruination of Cardinal's once respected culture which is now in ashes.

A commitment to introspection (with positive change resulting) needs to be accomplished if ever Cardinal is to regain its respect and morality in the eyes of the corporate and consumer world. And value as an investment will ensue. Wash out the scum, which has begun, and right this company!

 

It's encouraging to see Cardinal stock is up again today. Was DC fired triggering this buying spurt? Or some other parasites removed from Corporate? Hoping this bump up in price isn't a dead Santa bounce