Jonesie:
Give me some time on ANTX.
MIOA is a strange bird. Of course I want it to fly, but I can't help but think worrisome thoughts. You have no doubt read my thread comments and opinions. I am relatively deep into the medical field and know some interesting things about where healthcare may move. I tend to reign in many of the cutting edge ideas being tossed around for the sake of not looking like a bumbling idiot. However, there are some with merit that I pass along to you guys.
Kiplinger thinks that healthcare is going to be a good opportunity in the future along with several other industries for investment and profits. I am not sure how I feel about profiting off people's illnesses. Many of these organizations are looking at the bottom line for large margins, at whatever cost. Do we get to the point where we look at people as a product to be "treated" as cheaply as possible and charged as much as possible? MIOA is providing a valuable service and now is running physician's practices(so the physician can do what they spent many years in school to do-practice medicine). As I mentioned before, MIOA will stand to gain.
What does all this have to do with last week's volume you ask? Well I think the entire sector now is cautious about investing heavily for the unknown that exists in what Congress will do to influence Healthcare in the next year or two. That is not to say that some companies will not do well. Those that got the jump on HMOs and the like have established a significant market share and have a stronghold in their arena. MIOA is trying to build with acquisitions-nice addition of revenues, but way behind in the game. I try to contact PR and MIOA management to get some answers, but I have had little success about what exactly it is that MIOA is trying to do. For example, what is up with last week's news referring to Heart Labs of America, wholly owned subsidiary of MIOA? I thought we wanted to concentrate on the cath lab business! I think they realized how much the bottom line could be affected by acquisitions, and started to branch out some. I agree a good move, but doesn't that change the game plan? Now are they a management company of physician group practices? What is MIOA doing selling a cath lab to Pakistan? Yes, Pakistan. We got 14%, but what kind of game plan is this? Need more. What in the world does MIOA need 60 million more shares of stock for? If they start to hand this stuff out like candy(as someone pointed out before on this thread), get out now. There will be no way to keep up with that with small gains of 1.2 million annualized. This is why I was surprised with the last news moving the volume(outing shorts probably) to such highs-come on 1.2 million annualized-what a laugh-let us see how much we gave up for that. The deal with Tai was decent based on the company position at the time. We got great added revenue. The Tula stuff will hurt for a while. You can read into the Swiss report that they did not like that either.
Perhaps I am overanalyzing. In such a position, you must dissect everything out because red flags are harder to find at this small level(the red flags that spell disaster are not on balance sheets necessarily). All it takes though is positive earnings and people to believe in this company. I believe in this company and where it may go. When I feel that it may not be going anywhere, I shall bale. Right now it is just so iffy, and there are many more concerns. I can't believe that Dr. Tai joined MIOA-that was a powerful force for me to pursue this company further.
I believe it imperative to try to explore the big picture of healthcare as it relates to MIOA. We are small and we are growing and we are in a good field of medicine(Cardiology).
Volume today or tomorrow will not really matter-keep eyes on the big picture of healthcare, watch for continued growth, and of course earnings. I was worried about the lack of price increase around this time-perhaps the players want to know the specifics of the deal regarding acqisitions. (In my opinion)We won't post more than 500,000 profit on operations, so to date we'll have very little eps(maybe .05). When you factor in one time gains(sale of cath lab and legal gain from Tula stuff), it is more, but the analysts know that that a higher eps is not real. Unless MIOA plans to sell cath labs every quarter and settle with someone every quarter, we won't see much growth till next year and we stop raising outstanding shares!!!
I can't see why MIOA will fly unless new players fail to recognize the one time gains. Here is where short term players can capitalize on the runup based on ignorance. Watch and see-MIOA will do the same thing as last quarter-give revenues and earnings and eps that will "sure to delight" the ignorant. Notice how different everything was in the 10-Q. I must stop now-I am close to talking myself out of MIOA.....
Miller |
