bottom fishing ...
picked up OCR on Friday at 11 15/16
similar chart to CDN ... or mebbe SRV way back when we used to play that
stop loss just a tad below 52 week low
Business Overview
Independent provider of professional pharmacy and related consulting services to the elderly residing in long-term institutions such as nursing facilities, retirement centers and other institutional health care settings.
Company Performance ($mil)
Revenue EPS Dividend Rate
1998 1,517.4 0.90 0.08
1997 895.7 0.69 0.07
1996 536.5 0.61 0.06
1995 399.6 0.43 0.05
1994 275.7 0.29 0.05
First Call Consensus Estimates (07/14/99)
Period Mean EPS # of Brokers Year Ago EPS
Current Quarter (Jun/99) 0.26 9 0.26
Current Fiscal Year (Dec/99) 1.14 9 1.08
Company Snapshot
Exchange New York Stock Exchange
Industry Drug Stores
Number of Employees 11,560
Chairman/CEO Joel F. Gemunder
Address 50 E. Rivercenter Boulevard,
Covington, KY, 41011
Phone (606) 291-6800
Dividend Reinvestment Plan YES
Last Reported Ex-Dividend Date 05/27/99
Dividends Paid per Share YTD 0.02
Shares Out. (mil) 06/01/99 90.68
Market Cap. (mil) 07/16/99 1,088.19
Last Stock Split Factor 06/28/96 2 for 1
OMNICARE INC
Pricing and Performance
Symbol 52 Wk High 52 Wk Low 52 Wk Avg. Vol. Report Date
OCR 41.56 11.75 737,400 07/15/99
reason for breakdown at the double bottom number of 16, mid June ...
Thursday June 17, 7:55 am Eastern Time
Omnicare sees Q2 EPS below analysts' estimates
COVINGTON, Ky., June 17 (Reuters) - Omnicare Inc. (NYSE:OCR - news), which provides pharmacy services to nursing homes and other institutional health care facilities, said Thursday it expects second quarter earnings to fall short of analysts' expectations, largely
because of reduced reimbursements under the new Medicare pay system.
Omnicare forecast second quarter earnings of $0.25 to $0.30 per share, compared with the analysts' consensus estimate of $0.33 to $0.34.
The company said the change in Medicare from a cost-based to a fix-based system had caused lower-than-anticipated occupancy rates in many nursing homes and fewer patients overall requiring complex care.
''While we are frustrated that the implementation of PPS (Medicare's Prospective Payment System) has created near-term volatility in our earnings, we nonetheless remain convinced of the strength of the underlying fundamentals of our business and the soundness of our growth strategy,'' the company said, noting the rise in demand for pharmaceuticals because of the aging of the U.S. population.
Shares of Omnicare closed at 16-1/16 on Wednesday, June 16, 1999
Closed at 12 on Friday June 16, 1999 |
