JIM:
Take a look at MDLI.
It started to move just before noon.It still has a good amount of resistance at the 3 7/8 to 4 area before it could try for the Oct.23-24 double top at the 4 15/16 level.
As you may recall, the Feb. H last year was 54 <g>
The book value reportedly is around $18 so it sells at 0.17 of book. The insiders hold 41% and institutions 21% (36% of float)There has been some small insiders sales lately but George Soros as reported on Jan.4 was long more than 3 million shares:
biz.yahoo.com
The institutions reportedly have been buying.
The main caveat is the large loss they reported at the Sept. Q after the merge with Medscape, but they have an earnings report scheduled for Feb. 27 and on Jan.30 they announced that they expect a 15% increase in revenues and to achieve positive earnings by the 4th Q in 2001:
HILLSBORO, Ore.--(BW HealthWire)--Jan. 30, 2001--Medscape (Nasdaq:MDLI - news), the leading provider of digital health records and online health information, announced today that it expects fourth quarter 2000 revenues to exceed $17 million, a 15 percent increase over the previous quarter, when the company releases its results for 2000 on February 27, 2001.
The company also expects its cash and investment balances to exceed $50 million as of December 31, 2000.
The company's core objective, to achieve positive earnings before interest, taxes, depreciation and amortization (``EBITDA'') by the fourth quarter of 2001, will be supported by a doubling of gross revenues in 2001
I think it sounds interesting, doesn't it ?
RAGL
Bernard |
