Coram (CRH)--has the turnaround begun Message Board

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Microcap & Penny Stocks : Coram (CRH)--has the turnaround begun

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To: leigh aulper who wrote (5)	12/20/1997 9:08:00 PM
From: Dick Salerno	Read Replies (1) of 85

This stock appears to be turning around. First Call estimates of 1998 earnings is .20, which puts it's estimated P/E ratio at 19. Debt is a still a problem, but a large pay down of debt following the sale of the lithotripsy business, plus the restructuring of the existing debt load should help a great deal. There is also a suit pending against Price Waterhouse, who was Caremark's auditors. Caremark transferred all claims against Price Waterhouse to Coram as part of the settlement. I am looking forward to the announcement of 4Q earnings. Estimate is -.01. Dick Salerno

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