To: Jeffrey L. Henken who wrote (184 ) 5/19/1998 9:45:00 AM From: Tensane 1 Read Replies (1) | Respond to of 254
Jeffery, Here is the latest 10q:http://sec.yahoo.com/e/980515/nqci.html A few comments: 1. This was expected for this quarter, what we have to concentrate on is next quarter and acquisitions going forward. 2. Steve Rangel, VP of Operations, was brought on Marach 20,1998 that gave him 11 days of being on the job for last quarter. Steve has done a very good job of bringing in new patients to the facility and has added new avenues for the company in the way of out pantient service. 3. The new acquisition from last year still is being paid for. Looking forward: We have a stock that is selling for .84/share and is in a consolidating industry that sells for a minimum multiple of 35X earnings and upawards of 70X earnings. We know that they have signed a letter of intent for a purchase of another facility, hopefully we will be hearing from them soon as to the actual agreement, hopefully this week. I also hear that there are more deals coming soon. Summation: We are in the early stages of what could be and I feel very comfortable in a monster stock. Everyone in the stock market today wants instant gratification (I buy the stock today and it doubles tomorrow), unfortunately, it isn't that easy. I feel that the puzzle pieces have started to be put together on this company, and I expect next quarter to show some of the fruits of labor, with the following quarter even better. What do you think this stock will be trading at when it makes .40/share? What will it trade for when one of the big 7 national dialysis companies makes an offer to purchase the company? Patience on this one will pay us dearly, there aren't too many stocks out there that have as great of a potential as this one. Kevin