Quality Systems

Another superstar returns to earth.
Late last year, I decided not included Quality Systems (QSII) on the Buy List for 2006. It had been one of our best stocks on last year’s list, but I felt that the shares were getting too expensive.
The stock continued to soar higher this year. It went from $76.76 at the end of the year to nearly $92 on Monday. Then suddenly, the stock dropped $7 a share yesterday, and it reported earnings after the close. The earnings were horrible. Quality Systems earned 35 cents a share, ten cents less than estimates. The stock is down another $10 a share this morning.

Posted by on February 10th, 2006 at 11:41 am


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