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Athenahealth Stock Is Definitely Worth 1,000-Times Earnings, According To Athenahealth CEO

Jonathan Bush is not in the business processing outsourcing business, or the enterprise software business, or the software-as-a-service business. (He’s in the software-enabled services business, whatever that means.) And the Athenahealth CEO is certainly not in the stock-valuation business.

Still, the nephew and cousin of presidents is pretty sure that David Einhorn meant to say that Athena stock—already trading at a frothy 100-times earnings—“could easily soar 800% or more” when he actually said “could easily fall 80% or more.” Well, maybe not that sure, but all the same.

“I’m absolutely sure this is a $1,000 a share stock,” Bush said in a “Squawk Box” interview. “I have no idea when it gets there.”

But he admitted: “I don’t know anything about valuations, so for all I know [Einhorn] is right.”

Hey, Einhorn? Athenahealth a $1,000 stock, CEO says [CNBC]

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11 Responses to “Athenahealth Stock Is Definitely Worth 1,000-Times Earnings, According To Athenahealth CEO”

  1. Quant me maybe... says:

    This article would be a perfect buy idea on Seeking Alpha. All the retirees buying REITs for the 15% dividend would eat this shit up.

    • guest says:

      So would all the hedge funds that loaded upon tech last quarter. (Oops!)
      Glass houses my friend, glass houses.

    • Anon PWM MD says:

      Was buying those REITs wrong? Should I not have done that?

  2. His Munificence says:

    Prescott Bush must turning over in his grave.

  3. Guest says:

    “I don’t know anything about valuations…"

    Maybe Cheney could show him the ropes….

  4. Inverse Dive says:

    “I’m absolutely sure this is a $1,000 a share stock,” Bush said in a “Squawk Box” interview. “I have no idea when it gets there.”

    When you reverse split 8:1, that's when.

  5. FrostyDingleBerries says:

    This is about par for the Bush family.

    Famous other quotes:
    "Read my lips, no new taxes" ….before raising them, and lowering them for rich folk
    "Mission Accomplished" ….before continuing to try to win a war for another 5 years

    Actually, by this logic, SHORT THE FUCK OUT OF THIS SHITSTOCK

  6. klhoughton says:

    Let's see US$4B market capitalization, a Bush running the company. Generally that's a large loss pending, but there is the Government Subsidy aspect that worked for the Texas Rangers…

    So it will be $1,000 a share when (let's be optimistic) there are only 3.5-3.75MM shares outstanding.

    When will the buyback be announced?