An investigation for investors in Post Holdings Inc (NYSE:POST) shares over potential securities laws violations by Post Holdings was announced and NYSE:POST stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/12/2014 -- An investigation on behalf of investors of Post Holdings Inc (NYSE:POST shares over potential securities laws violations by Post Holdings and certain of its directors and officers in connection certain financial statements was announced.
If you purchased shares of Post Holdings Inc (NYSE:POST), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Post Holdings Inc (NYSE:POST) concerning whether a series of statements by Post regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Post Holdings Inc reported that its Total Revenue rose from $958.90 million for the 12 months period that ended on Sept. 30, 2012 to over $1.03 billion for the 12 months period that ended on Sept. 30, 2013, while its respective Net income declined from $49.90 million to $15.20 million. Shares of Post Holdings Inc (NYSE:POST) grew from $26.64 per share in February 2012 to as high as $60.18 per share in March 2014.
Since then NYSE:POST share prices declined.
On August 7, 2014, after market close, Post Holdings Inc reported results for the third fiscal quarter ended June 30, 2014. Adjusted net loss attributable to common stockholders was ($12.6) million, or ($0.30) per diluted common share for the quarter, $.57 cents worse than the $.27 cent per share profit analysts were expecting. Post Holdings Inc also lowered its full year EBITDA forecast to between $260 million and $270 million from its previous guidance of between $300 million and $320 million. Shares of Post Holdings Inc (NYSE:POST) declined from $45.63 per share on August 7, 2014, to as low as $32.87 per share on August 8, 2014.
Those who purchased shares of Post Holdings Inc (NYSE:POST) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com