For LIFC to get specific indications would be a big help for them with later third party reimbursement, etc. Otherwise, as a generality it doesn't really get them out ahead of the pack in the true sense. Nevertheless, what direction third party payment is going in itself a different story...last year was the first year as an entire industry that managed care insurance companies lost money, rather than simply a bunch of companies. This process can't continue and expect to have companies survive. Guess if you keep underbidding each other and want to make up the difference by raising rates for patients, lowering fees for drs/services, and trying to deny all services possible people are going to have a hard time accepting.
On an ATIS note, looks like they are trying to break 3 again, although there is a lot of resistance there. However, the gradual shift upward with 3 up trades to close the day, including one just over 7,000 shares, bodes potentially well for tomorrow. Will be interesting to see if they can break 3 and actually close over 3, as today only the ask closed at 3. Would be a psychological/technical breakthrough for the short-term.
Regards,
MLT |
