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Non-Tech : HZP-Horizon Pharmacies-NEW
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To: InvestorLady who wrote ()2/10/1999 7:45:00 PM
From: Alan Cole  Read Replies (1) of 115
 
Strong buy recommendation from Cruttenden Roth, citing anticipated 50 - 100% increase in earnings over next 3 years (thus anticipating benefit from having approached the necessary size threshold). Notes benefit from potential mail order pharmacy (noting a recent acquisition), and move toward additional non-pharmacy lines of business. I wonder whether the addition of mail-order pharmacy is as beneficial as it might be, as it competes with the larger national competitors, unlike their thinking otherwise about concentrating on small towns, in which competition is not as much of a factor. I don't see it as a problem, though, and they've successfully followed their business plan, with no adverse change in the overall environment causing concern. Continues to appear favorable.
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