PACS Group plunges after reporting preliminary results, postponing Q3 release [Yahoo! Finance]
Postal Realty Trust, Inc. Class A (PSTL)
Last postal realty trust, inc. class a earnings: 3/25 04:05 pm
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Source: Yahoo! Finance
The stock decline follows recent scrutiny from Hindenburg Research, which recently disclosed a short position in PACS and published a report questioning the company's practices. In a statement, PACS cited its commitment to transparency and high compliance standards, explaining that its Audit Committee, with the help of external counsel, is investigating third-party allegations outlined in Hindenburg's report. CEO Jason Murray addressed the allegations, describing them as "misleading" but stressing the company's dedication to regulatory compliance and cooperation with federal inquiries. The company also noted that it has received civil investigative demands from the federal government related to reimbursement and referral practices, which may or may not be linked to the recent short report. Murray stated, "We take these types of allegations seriously and will continue to cooperate with the government," while expressing confidence in PACS's systems, controls, and financial heal
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PSTL
Earnings
- 11/4/24 - Beat
PSTL
Sec Filings
- 11/5/24 - Form 424B5
- 11/4/24 - Form 10-Q
- 11/4/24 - Form 8-K
- PSTL's page on the SEC website