This will be the last time I mention Medical Resorts on this thread, but responding to your comment Christian, as of Friday they had 95,485,086 oustanding shares. However, at the close on Friday there was a 12 for 1 share consolidation ! Therefore when the stock opens on Moday there will only be 7,954,840 oustanding shares, plus 700,000 oustanding options for employees. The stock will probably open around 84 cents per share, with the posibility of a drop over the next few days do to the consolidation. This may be an opportunity to buy some really cheap !
With estimated revenues of 14,830,200 and a profit of 1,756,300, thats a profit of about 22 cents per share for 97 !
Medical Resorts International has a great idea and all sould seriously look at its future prospects ! Look at their web page !!! hoteldehealth.com
As I promised I will not talk about this company again on this thread, search "Medical Resorts" on SI, if you care to respond !!!
Thanks !!
Also Pallet Pallet Inc.,
The price is starting to fall back a little, from the past week of highs of 42 cents, now at .375 cents. I have I high hopes for this company and I believe they will have some decent profits to report in 1997, I don't believe they will loose any more money, this stock has only one place to go and thats up, however it will take time. If the price falls back more I will consider buying more shares.
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