Housecall Medical (HSCL) Message Board

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Biotech / Medical : Housecall Medical (HSCL)

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To: Joseph C Cracraft who wrote (9)	1/1/1997 2:38:00 PM
From: scott	of 31

One thing I would like to know is where they stand with the Lawsuit. From the fourth quarter to the 1st quarter internal revenue growth was 3%. They just aquired Messick. I don't know what kind of revenue that will bring in.I believe they paid 7-9 mill. In the annual report they stated that new sales efforts were begining to take hold. The lawsuit could crunch the profits(short term). IMO This could be a good year. I expect them to get a bigger credit line soon....I think they were dealing with Canadian Bank Toronto. More acquisitions. Since I'm in at 6 3/4 I can't average down too far. So I will stand unless it goes under 6 again. My biggest fear (long term) with Housecall is 70% of their revenues come from medicare. In their annual report they were going to work on this. I don't have the numbers in front of me so they are not exact. On a positive note tax loss selling for 1996 is over. And it broke out nicely Tuesday! Happy New Year, Scott

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