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Biotech / Medical : PHP Healthcare

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To: Ontherise who wrote (27)5/20/1998 2:30:00 AM
From: Jim Mac   of 136
 
PHP is NOT paying a fine to the preferred holders every month that the common is not registered. They're only "incurring" a fine, which they do not intend to pay (read the May 7 8-K/A). In fact, they're seeking a waiver from the preferred holders. Regardless, PHP may likely buy back the preferred, making the point moot. April Q revs may hit $150M, and EPS $0.30 before deemed div, $0.19 after deemed div. All this thanks to expanded HIP and DC programs, lower costs and lower interest. Shorts beware of blowout EPS growth reported in a few weeks.
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