Athenahealth (NASDAQ:ATHN) is a US based company that is known for its medical billing and electronic health record products. Back in 2014, famous hedge fund manager David Einhorn publicly announced at the Sohn conference that he is shorting the company, due to the poor management performance, lower bookings and the threat of external risks that might be caused by the company's competitors, like Epic and Cerner.
Since that time, athenahealth became the target of a media campaign between its own CEO Jonathan Bush and hedge fund Greenlight Capital. While Einhorn's arguments made sense, he was shorting the stock too soon, as the new investments in the electronic health sector started to boom and new opportunities were opening to the investors. However, in our opinion that time has passed away and now might be a right time to short athenhealth stock.
