Bear of the Day: BioScrip, Inc. (BIOS)

BioScrip, Inc. (BIOS) posted a disappointing quarter based on higher costs and tax. Although revenues grew by double-digits, driven by the CHS acquisition, the organic growth was below expectation. Several issues spanning from manufacturer related, product recall and others impacted the company’s margin during the quarter. On top of these issues, the highly leveraged balance [...]