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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (13715)	8/13/2015 7:38:06 AM
From: Goose94	Read Replies (1) of 203577

Convalo Health Int'l, (CXV-V) top pick from Fabrice Taylor on BNN.ca Market Call Wednesday August 12th @ 1300ET Convalo is a startup in the U.S. addictions rehabilitation space. Recent changes to the law have created making rehab a reimbursable expense have created a cottage industry of small clinics and other facilities. Convalo creates its own clinics from scratch but is also acquiring smaller ones at favourable prices. Revenue for the first six months of this year was implies a roughly $8 million annualized top line. But the company has made two acquisitions and just opened a new startup treatment centre so sales should be more than $10 million. Gross margins are 70 percent and the company is already breakeven. The market cap is $45 million and the company has $30 million in cash. So you get the business for about $15 million. It’s speculative, but I think it has enough upside to justify the risk.

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