Everything was in line or a little better than we thought. |
I can't get to it in time. |
If an investor pulled out of the space because of this, they don't understand what they are invested in. |
If we were talking constant dollar, which is all we should be talking about, they came in at the high end of their raised guidance. |
Our sense is that Cardinal is really focused on getting back to the basics, |
They may not have been specific on the numbers, but it looks like the investment community is happy with it, |
They need to focus on getting their clinical CRO operations to a higher level as they have increasingly relied on lab-based business, ... The key going forward is managing their growth and their infrastructure. |
They need to focus on getting their clinical CRO operations to a higher level as they have increasingly relied on lab-based business. The key going forward is managing their growth and their infrastructure. |
This is exactly what the companies were hired to do in the first place. Drugs are not perfectly safe. |
This was good profitability on very good revenue growth. |
While executive management transitions bring new risks, and timing of the announcement is a bit surprising, we view the injection of new management blood favorably and believe the moves will be beneficial to Cardinal longer term. |