13 in a Row for athenahealth, Inc (ATHN)

It’s always fun to listen to Jonathan Bush. Even the analysts on the call were asking if he’d be on CNBC, because they didn’t want to miss him if he was. He’s funny — for example, professing his love for “girlfriend” Judy Faulkner, CEO of hospital software company Epic. But he’s also a visionary, outlining goals for athenahealth to make implementation nearly instantaneous and free and to move all customers to transaction-based pricing.

Lucky 13?
Shares for athenahealth are up 17% year-to-date and more than 34% over the last year. With another good quarter, the momentum could continue. I’m still hesitant, though, about the lofty valuation of the stock. It has a forward P/E of 56. It’s a great company, though, with a compelling business model. A string of 13 years in a row of 30% sales growth doesn’t just happen by luck.

The article 13 in a Row for athenahealth originally appeared on Fool.com and is written by Keith Speights.

Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool recommends athenahealth.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.