Wednesday, December 14, 2005

Cerner (CERN) Stock Publicity

Cerner (Nasdaq: CERN) today was mentioned in the Wall Street Journal for questionable accounting practices. I missed a great buying opportunity today around $90. Looks like a few people went short today, which is better off for long term investors in my opinion (short squeeze). Cerner announced after the bell a 2 for 1 stock split effective January 9. I am not a big fan of stock splits but hopefully it will reduce the bid/ask spread a bit.

From Reuters:

"We haven't seen any new information today that would cause us to second-guess our thesis that Cerner is a dominant player in a rapidly growing market. We believe today's weakness is a buying opportunity," said Wieland, who has an "outperform" rating on Cerner.

Note: I am long Cerner


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