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LabCorp LH forensic fraud analysis – internal controls issues 3 weeks 4 days ago #107

LabCorp is a fraud, but will the stock go down? LH Shorts?

globalintelhub.com/massive-multi-industr...lm-lab-corp-exposed/

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LabCorp LH forensic fraud analysis – internal controls issues 3 weeks 1 day ago #119

Despite the hefty but legitimate arguments against LabCorp, I believe LaCorp will stay afloat going forward and potentially may see a bullish rise. As explained in the above article, LabCorp has had a plethora of cases where paternity cases have been mishandled, notably in the case of popular hair dresser Andre Chreky, (where he ultimately had to chalk up $25,000 in child support to a son who wasn't his) amongst other fraudulent situations or mishandlings. Despite these events, LabCorp is a multibillion dollar company who is built to withstand controversy. As recent as April, LabCorp has gained great demand from consumers for its timely and necessary Covid-19 testing, and has had a rise of nearly 79% over the year in comparison to the industry's 38% (Yahoo Is Now a Part of Verizon Media, 2021). All in all I don't see LabCorp going down, but time will be the ultimate determinant.

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LabCorp LH forensic fraud analysis – internal controls issues 3 weeks 1 day ago #120

LabCorp is a short. The only thing that is driving the test issues being exposed is awareness, and that doesn't happen overnight. In fact, it can take a long time. I am not saying this is going to happen tomorrow or next week. But the liability is there waiting for one case to take it over the top. If the paternity tests are inaccurate - what else is inaccurate? This liability alone is enough to significantly impact their future growth. New competitors in the field are providing legitimate science based tests. For example Abbott covid test is only $5. Once awareness of the issue reaches a critical mass, ultimately, it will be exposed.
We can't predict at this moment how low it might go as it's impossible to accurately forecast how such liability might impact the company and/or how they may deal with it. It is possible for a once blue chip company to fall from grace. Perhaps it's simply that firms like LabCorp failed to evolve to meet a new challenging environment. In any case, with LabCorp reaching highs recently, this is a great opportunity to short.

Footnotes: abbott.mediaroom.com/2020-08-26-Abbotts-...illion-Tests-a-Month

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