HMSY is a leading provider of medical billing and RECOVERY services. They have a uniqiue niche in that they recover lost insurance reimbursements for over 100 hospital clients nationwide due to missing and incomplete information and coordination of benefits info from emergency room patients. The company has plenty of cash and the stock was as high as 36 last year. Unfortunately, the street completely overreacted to lower than expected earnings and slaughtered the stock price to as low as $7.65/ share. It appears that the stock is rising again and we are looking at an expansion breakout to the upside. Looks good for the stock.. and for anyone trying to play the medical information services market. Similar to Medaphis in services, however HMSY IS PROFITABLE! unlike Medaphis...
Whats the consensus here? |
