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Biotech / Medical : Integrated Health Services
IHS 7.990-0.1%Jan 30 9:30 AM EST

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To: SeanS who wrote (73)3/9/1999 6:44:00 PM
From: jpbp  Read Replies (1) of 88
 
746
I listened to about 90% of the call today. I am ready to see analyst upgrades from this beaten down stock. My wife has worked for IHS for 2 years and I have waited for the righ time to take a position. Now is the time for me.

Some highlights of the Call.

99' IHS will see 100 million in positive cash flow (2 bucks a share) after all expenses.

Rotech will only be sold for between 1.4 and 1.6 billion. If no buyer (and Elkins made it clear they are not being forced to sell it) then they will keep it and they expect it to grow by 20% a year. The sale would be used to decrease leverage and buy back stock.

Will be profitable in every Q with first Q being the worst (performance wise) and getting better sequentially from then on.

They are in negotiations with banks to refinace debt burden. Should know something in 'a few weeks'. They currently have 250 million revolving line of credit.

For beginners anyway...it was a good call and I think this stock has been abused....it's worth way more than 6 in my book. Good luck to all.

jpbp go ihs
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