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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (3591)4/22/1998 2:55:00 PM
From: Lois R  Respond to of 29382
 
Amigas y Amigos

Is it time for FPA Medical Management (FPAM) ?

FPAM is a national physician practice management co. which acquires, organizes and manages primary care physician practice networks and provides contract mgmt svc to hospital-based emergency departments. Fort the fiscal year ended 12/31/97 total revenues rose 72% to $1.17 billion. Net loss fell 86% to $11.8 million. Revenues reflected increased enrollment and fee income as a result of the acquisitions. Lower loss also reflects increased operating efficiencies.
52 WK low $12.875
52 WK high $40.00
Daily Vol. 1.67M
Stock has been punished - rightfully - on questionable earning reporting - Standard and Poors revised to stable from positive - down grade recently from Bear Stearn.

Recent positive news - New Management - Stephen Dresnick who served as Vice Chairman since Oct. 96 when the publicly traded company Sterling Healthcare Group, Inc. he founded merged with FPA (Mar. 26)
FPAM will be adding 90,000 new members from operations of 23 Humana (HUM) Health Centers (April 98)

Runs up quickly, retreats just as fast on any neg. news. Price today briefly touched 14.

Lois