Business Summary:
Option Care, Inc. is a full-service home healthcare business which provides services through 164 company owned and franchised offices operating in thirty-four states. For the six months ended 6/30/98, total revenues increased 26% to $55M. Net income decreased 79% to $280K. Revenues benefitted from the acquisitions of several health care businesses. Earnings reflect costs associated with the acquisitions. *Earnings Announcement: For the 3 months ended 09/30/98, revenues were 30,261; after tax earnings were -356. (Thousands)
Technically: Check out the nice double bottom that has formed. The current pattern could be interpereted with a breakout at about $1.5 and price escalation up to $2 to $2 1/2. Current price at $1.00.
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