Lawsuits by states; cities; and municipalities due to sales of opioids and other dangerous drugs to customers who are suspiciously increasing orders; ordering suspicious quantities; and ordering quantities in excess of what national averages of typical pharmacies order, are going to bankrupt Cardinal Health because of failure to check internal customer sales records.
This is very old news already, covered by 60 Minutes and many other sources. I loathe and despise Cardinal for their criminal behaviour when it comes to treatment of employees past and present. I and hundreds of current and former CAH employees have suffered here but this company is not going bankrupt despite their ruthless, bullying, predatory, and greedy ways. That being said, I still own several hundred shares of CAH that I want to sell at a break even point OR better (for me average price per share purchased is about $68). And CAH should explore new highs this year, especially with the removal of parasites Barrett, Casey, and Duffy. Hoping Kauffmann brings ethics back to CAH, or at least impacts stock price.
Buy CAH and waste your hard earned money. Cardinal has seen nothing yet when it comes to the plethora of opioid related lawsuits yet to be unleashed. And the lay-offs and ruined careers and lives will flourish to pay for Cardinal's sins. Toxicity oozes from the Dublin Ivory Tower
Not impressed w new independent board chair. His business background is not that relevant and in the past he suggested several waste of time exercises for manufacturing and distribution benchmarking.
At it again..pushing out capable manufacturing leader who knows a lot for appearance of doing something to save the sinking ship. What a mess this company is with zero hope for improving. Sad the ex Med execs wrecked the place with no personal consequences.
Several start-ups out of Big 10 universities working in inkjet printers making pills at local pharmacies. Cut out the non value added distribution and fancy packaging. CAH ignored employee advice on Amazon adding expiration dating to their IT systems 5 years ago, don't ignore trends .
With today's large loss, CAH is off about 60% from its all time high. Fantastic! How soon before the douche-bags in Dublin slash the dividend?
Heading for a new 52 week low. It's like investors have an inside window to this trash heap. Wait till they start investing in infrastructure and missing their number next year, and if there is a recession in 2020 like predicted, plan on dire times at CAH.
And don't forget the zillion opioid related lawsuits that await Cardinal settlements. And why haven't indictments been handed to the criminals, past and present at Cardinal, who profited from this criminality? I was at Cardinal for a relatively short time before I was RIF'D. Many of us were disposed of to counteract the losses this management team has created. Scum Bags like Casey and Barrett are gone; indictments should find them like flies seeking shit piles. Criminals.
Shares of CAH, AmerisourceBergen, and McKesson all fell yesterday as Attorneys General from Vermont, New York, and Washington state all filed civil suits naming these companies for brazenly devising systems to evade regulators The lawsuits also claim CAH and the others helped pharmacies increase and circumvent limits on how many opioids they were allowed to buy and often gave advance notice on the rare occasion they performed audits. Shares of CAH fell again yesterday by 1.5%
CAH stock is dead. It surpassed $90 a share a few years ago, and it's now stuck in the 40's. Thanks to GB and all the greedy scum bags who lined their pockets with silver during the opioid free-for-all. As a shareholder, I am sickened to see my investment destroyed by criminals who need to spend a long time in prison. That means you, GB, maybe you can bring your guitar when you're hauled off to Leavenworth.
Well, it has been an interesting afternoon. Why are we going to Dallas?? Can someone just answer me that? We have no idea what our jobs are or if we even have a job and we're still going. Just dumb. What a waste of money.
Four yrs ago my boss asked me if I knew about CafePharma. After I left CAH I learned he relied on rumors and nasty inputs on this site vs having his own opinions. Of course I then went 8n the site and saw many comments about. MD, my boss. Hallelujah a bit of pay back. Surprised shareholders are not suing CAH for outrageous poor leadership and now offering billions, of shareholder $, to get out from opioid crisis. No wonder stock tanked again today. I should write a fiction book on the people violating ethics, affairs w direct reports, and total brown nosing vs recognize real accomplishments.
https://finance.yahoo.com/news/investor-action-alert-schall-law-135020133.html The reason for yet another drop today! Toot Toot...Get on boarrrrddddddd!!
