Matria's Health a Matter of Contention

Last month, with the company's stock under heavy attack by short-sellers, Matria Healthcare (MATR Quote) CEO Parker Petit offered a reassuring comment that could prove quite telling in the end.

The company's CFO, Stephen Mengert, had abruptly resigned less than a week earlier. Petit responded by explaining that Mengert had left to pursue "an opportunity of a lifetime" as the CFO of another health care company that was poised for an initial public offering.

To be fair, Mengert could score big if his new employer pulls off an IPO as planned. At the same time, however, he seemed to be managing finances for a Wall Street winner already. ...