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Biotech / Medical : Health Management Systems, Inc. (HMSY)- Great BuY!

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To: James Parker who wrote (42)12/2/1997 9:46:00 PM
From: Rodrigo Rocha  Read Replies (1) of 203
 
Today the company anounced the results for Q4 sequentially sales were up by more than two million. Operating income turned around by more than 1.9 million even thoiugh they show additional Occupancy expenses of more than 700 thousnd dollars which reflect one time moving expenses in Boston and Chicago. Furthermore, because they acquired both HSA and Globasl with cash, and because they are repurchasing their own stock, they are amortizing intangibles of 534thousand this quarter. If one were to eliminate the one time items and add the amortization of intangibles the difference in pre tax income in excsess of 3.1 million. One of the reasons for the sales surge was a 10 million contract over two years that HSA wonin the begininingof the quarter. With more than 50% of revenues comming from software next year I believe that this company is turning around-fast.
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