8/04/98, CTEN droped more than 50% in one day after a rating cut from
Alex Brown. I see CTEN a good short term play as it draws a lot
more attention from short term traders.
Here is CTEN profile:
CTEN provides a range of long-term healthcare services to meet the medical needs of elderly and post-acute
patients. As of 12/97, the Company operated 84 long-term care facilities, two hospitals and 30 home health
offices. For the three months ended 3/31/98, revenues rose 36% to $87.1 million. Net income applicable to
Common totalled $3.8 million, up from $454 thousand. Results reflect increased patient service revenue due to
acquisitions and higher operating margins. |
