"" PAMC had revenues exceeding 77 million ""
That was when they were a company, they're currently a shell - selling off the last assets to sink the last of their cash into selling health insurance on AOL.
May 14, 1999--Provident American Corporation reported a net loss applicable to common stock for the first quarter ended March 31, 1999, of $3,031,000, or ($.26) per share on a diluted basis, on $4,433,000 of revenue. For the corresponding 1998 quarter, the Company reported a net gain of $2,636,000, or $.22 per share on a diluted basis, on $24,520,000 of revenue.
With a price-to-book of 85, they're hardly a value. Don't confuse this with the real "Provident". Selling insurance on the net will happen, with the barriers to entry fairly low, any major will eat them alive, they're committed to $38 mil in ads over the next 3 years, their paid touts best-case P&L show nearly $60 mil in losses during the same timeframe. Look further, its a hoax.
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