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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (895)5/5/1998 12:10:00 AM
From: Mary A Young  Read Replies (5) | Respond to of 2911
 
DD Part 2

Earnings and Revenue History (from dailystocks.com)
12/97 9/97 6/97 3/97

Revenues (mill) 5.1 6.1 7.0 6.7
Net Income -0.5 0.1 -0.1 0.0
Shares Outstand 12405 12035 5690 5690
Earns Bef. Tax 0.0 0.2 0.2 0.2
Profit Margins -9.8 1.6 -1.4 0.0

Per Share Data

EPS -0.07 0.01 -0.01 -0.09
Share Price high 0.59 0.25 0.81 1.59
Share Price Low 0.13 0.13 0.13 0.63

Charts:

investools.com
chart4.bigcharts.com:80/report?r=cobrand&onbad=cobrandsymb&site=dailyst
ocks&symb=MDIX&sid=101749&sec=c&xyz=21178922&s=20314

News Stories: (Latest First)

biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
sec.yahoo.com
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com

Commentary:

I first must disclose that I am a shareholder of the corporation and
became such as a Cymedix shareholder.

I think I can sum up this company in two words--"opportunity" and
"risk". When the company changed to Medix Resources from International
Nursing Services it became a new entity with a new direction and new
vision. Now that the remaining staffing business is to be sold to
Banyan, we now will see a complete shift of paradigm into the exciting,
and ever-changing field of medical information systems.

With this shift comes a certain degree of risk. This is a company that
has had its financial problems. If you read the annual report from the
last year, you will find that those problems have been addressed.

Medix Resources is also a company that has a strategy for the future.
More sales contracts are in the pipeline and announcements will be made
in the near future. This company is aggressively piercing the ripe
fields of a new sector. That is an estimated $40 billion market.

There is always an advantage of being "first" to do something. Others
may come along, but Medix stands the advantage of introducing the
possibilities of the internet to the medical world. This will provide
for more cost efficient and time efficient care for the patient as well
as accuracy in patient care issues. I must emphasize to you that
currently, THERE IS NO PRODUCT LIKE IT. That is not to say that
competition will occur. But competition often betters the product.
Medix will has already made plans to introduce its Lynx product to
the Worker's Compensation marketplace.

Currently Medix sells at a premium of about 10% to its cash value.
It has or will shortly have $9 million cash. It has a market cap of $11.5
million. At current price levels it is an irresistable acquisition target.
It can be acquired with its own cash.

Based on its own fundamentals, if the stock of the company doesn't rally, and the market assumes a market cap equal to the cash stock price, delisting is a probability and bargain basement acquisition almost assured.

I hope this is helpful information.

Mary