DD, congratulations... I love the thread!
Now if some of my members at my website can learn to post some DD, then I would be set, but unfortunately they lack in the DD department. You guys are doing a great job.
Here is something I came across this weekend. There isn't a thread at SI nor Raging Bull. I haven't found a mention of this stock anywhere. Please let me know what you guys think of this stock. Maybe I am missing something.
Universal Standard HealthCare Inc [UHCI]
Business Summary:
Universal Standard Healthcare provides managed care laboratory programs to major employers, union and government benefit plans, and large purchasing organizations as a means of controlling health care costs.
Universal Standard HealthCare Inc. is a premier managed care health services company which owns subsidiaries operating in all 50 states, currently providing clinical laboratory, outpatient diagnostic imaging, and home medical services (including durable medical equipment, supplies, and infusion) coverage to employees on a capitated bases. ''Covered Persons'' under managed care contracts of approximately 1 million.
52-Week Low $0.063
Recent Price $0.3437
52-Week High $3.375
Daily Volume (3-month avg) 45
Market Capitalization $2.27M
Shares Outstanding 8.54M
Float 1.10M
Book Value (mrq) $0.51
Earnings (ttm) -$0.01
Sales (ttm) $4.85
Cash (mrq) $0.21
Price/Book (mrq) 0.52
Total Cash (mrq) $1.81M
One Year Chart: bigcharts.com
Five Day Chart:
bigcharts.com
Recent Press Release that sparked my interest:
Friday April 23, 8:01 am Eastern Time
Company Press Release
Universal Standard HealthCare Inc. Reports First Quarter Results
First Positive Quarter Since June, 1995
Company's Results Exceed Analyst Expectations
SOUTHFIELD, Mich.--(BW HealthWire)--April 23, 1999--Universal Standard HealthCare Inc. (OTC:UHCI - news) announced today that net revenue for the first quarter of 1999 was $5.0 million, compared to $6.9 million for the first quarter of 1998.
The primary reason for the decrease in revenue relates to the termination of the unprofitable General Motors Corp. administrative services contract for $2.1 million previously announced in the 1998 yearend financial press release. The revenue decrease was partially offset by the initial implementation of the Whirlpool contracts which when fully integrated will generate approximately $7 million in new revenue.
Earnings before interest, taxes, depreciation, amortization, and other income (EBITDA) was $560,000 for the first quarter 1999 vs. $513,000 for the first quarter of 1998. The increase in EBITDA reflects the streamlined administrative expenses the company has implemented in 1999.
Net income for the quarter was $528,000 or 7 cents per share, compared to $172,000 or 3 cents per share for the first quarter of 1998. The increase in net income reflects a gain of $262,000 from sales of assets as well as improvement in operating income.
''Our first quarter results start to show the impact of all that was accomplished to invest in our specialty services business in 1998. With lab business sold, we can now focus on growing our specialty healthcare services business,'' stated Eugene Jennings, Chairman.
...please read the rest of the report here:
biz.yahoo.com
Also take note that the updated Yahoo profile has the book value of UHCI at .51! See for yourself: biz.yahoo.com
FastPing
www.stock-rave.com
(I run a Penny Pick of the Week Contest at my site... it would be great if some of you veterans could post a pick for this week at my message board along with some great DD. I think my members need to see what real DD is. I am taking entries for the contest up until midnight tonight.) |
