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Biotech / Medical : PHP Healthcare

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To: Money Maker (MM) who wrote (92)7/30/1998 6:19:00 PM
From: DENNIS DOCKERY  Read Replies (1) of 136
 
Where is Jim Mac?

What a quick turnaround from $1 to $3 5/8. The stock acted strong
all day until the last hour.

The major cloud on this stock is the preferred stock and the delay in their earnings. Anytime a delay could mean trouble.

Management has not had time to devote to operations because all of the issues surrounding the preferred stock. Jack sure gambled and lost. The company should have negotiated a better financing package. Debt would have been better.

The main uncertainty is the earnings for Q4. Will the Q4 earnings be positive? If not, PPH will go back down to $1.

The analyst has not made any changes to the earnings estimates as yet.

I hope Jack and I recover at least our position. We both gambled and so far are losing.

We know where the short sellers like to cover, $1 (see yesterday's volume).

If the earnings come out exceeding estimates and the preferred stock shares are purchased or replaced, I will feel better about staying in.

Jack, lets here your comments...
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