Yeah, the trading the last 5 days has been odd. Yesterday and a couple days ago, big chunks - 20,000 shares + - were bought in spurts. Today, we get a 500 sale, 300 sale (proceeds $150 less commission), and a final 5000 after which they dropped the asked to .51. There will always be a constant stream of 500 - 5000 share sellers. It's the periodic and determined buying that's nice to see.
DIS Q2 hits EDGAR tomorrow; PHS Q3 in 2-3 weeks; DIS Q3 shortly thereafter, then they're caught up, and have fresh fins to show prospective buyers.
PHS's Radnet had a 10% jump in net rev in Q2 over Q1. Radnet Q3 should be a record. Radnet profitable, DIS almost there, FDI profitable but gone. Volumes are up strongly. They're adding modalities to several of their new centers and buying up the debentures. The centers are strong performers, but corporate-wise, the $25M debentures (now $22M) don't aid profitability.
Long and short is that they're a $65M rev company with net total debt of $75-80M. That's very doable for an acquiror, and why we're starting to see some serious, non-random buying. Still would like to see a day where it trades up on 600,000 shares. |
