Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Kavika who wrote (3615)	2/1/2001 6:59:45 PM
From: Jenna	Read Replies (1) of 6445

Little Magellan we gave this little MARKET GEM a chance to shine, MGL is no gem in the rough, it can take on the likes of JNPR, CIEN or QCOM (up nearly 300% in last 4 weeks) Magellan Health Services (MGL: news, msgs) rose 16 percent after the Columbia, Md., managed care firm reported first-quarter earnings from continuing operations of $13.9 million, or 35 cents a share. Adjusted earnings from continuing operations, excluding items, totaled $5.7 million, or 14 cents a share, for the period. Revenue rose to $445.9 million in the latest three months from $385.7 million a year ago. The company attributed the results to a focus on its behavioral health managed care operations, and improvement in its balance sheet and liquidity. Going forward, Magellan expects to 8 to 10 percent segment profit growth on a year-over-year basis for each of the remaining quarters of fiscal 2001.The shares closed up $1.04 at $7.45.

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