Had a look at your choice, AMAG.
Not being a fan of "liquidated value", i.e. "Undervalued", I had a look at the last 5 Quarterlies, where the last 3 were Q1 to Q3, to get some insight into AMAG's business performance which is what is likely to contribute to the "earnings projections good going forward" .....
Several of the company's relevant ratios are all over the place.
CoS/Revenue 4 Quarters ago was 11.8/53.3=22%. It then went to 21/89.5=24 %, but then went to 19.7/123.9=16% and finally to 22.3/96.2=23%. One wonders what happened at Q2.
Then for SG&A/Revenue we have 48%, 36%, 26% and finally 48%. One also wonders why there's such variance in the 'General Admin." expenses of the company ranging from $25.6mil. to $46.1mil. despite the fact that Revenue has both increased and then finally fallen when SG&A is at its highest.
Then we have Revenue left over at EBITDA ... it increases quite nicely, but then shows a loss in Q3 despite the fact that Q3's Revenue is not that much different to Q1's where its EBITDA/Revenue was 43.4/89.5=48% compared to Q3 of -3.5/96.2=-4%. Odd.
And then we see losses at Pre-tax Income and Net Income levels, plus the fact that the company hasn't been reporting Tax for the last 2 to 3 years. Once they start having to pay tax instead of receiving a tax credit, it's not likely going to improve their Bottom Line.
Should be interesting to see what's going to contribute to their future Earnings projections ....
I see AMAG's Q4 Revenue fell sharply to $67.4mil. although they did show a small profit thanks to a Tax credit contribution of $2.45mil. |
