athenahealth & Einhorn

Water Cooler Investing
#1

Selling for $130 and Einhorn has a $14-$40 valuation on the company. Has anyone else dug into Einhorn’s thesis and do you agree/disagree? I am familiar with Epic Systems, which he mentions at the end of the presentation in the link below and I completely agree that they are going to eat everyone’s lunch. They have the superior product and are becoming the industry standard. I’d love to hear from anyone who’s long or short athenahealth, I have yet to take a position.

http://www.marketfolly.com/2014/05/david-einhorns-slideshow-presentation.html

#2

My thesis: Do whatever Einhorn does. Do the opposite of whatever Whitney Tilson does.

#3

^ Aye!

#4

looks overvalued as fuck to me lol, maybe he has a point. Looks like the market is assigning a high multiple because of its top line growth which may or may not continue.