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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (29215)12/5/2002 1:11:03 PM
From: Crossy  Read Replies (1) of 29382
 
re: UAHC (NasdaqNM) @ $1.25

Sergio & all,
think this company (United American Health care) should be given another look at its current trading level .. $1.25

This is too cheap. The stock tanked from $8 to $1 on a special charge. The company subsequently adressed the problem, even changing its business model to not be bothered with this kind of risk in the future (increased claims w/o reserves). This should take the volatility out of their earnings going forward. EPS for FY2003 of around $0.90 are projected. Good enough for me to get in..

Around 7m shares out. Price/Sales ratios going forward not comparable - it was an insurance based HMO manager inthe past and is a non-insureance HMO manament and consulting firm now...

rgrds
CROSSY
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