To: Joe Copia who wrote (7347 ) 8/18/1998 8:38:00 PM From: musicguy Read Replies (2) | Respond to of 25711
Joe, take a look at TWHH if you get a minute. I got in today, it is at it s 52 week low.... July 16, 1998--Transworld Healthcare Inc. (Nasdaq:TWHH - news) announced today that its Chairman and Chief Executive Officer, President and majority shareholder, Hyperion Partners II LP, have each respectively confirmed their intentions to purchase shares in the company on the open market in response to the recent decline in the company's share price. They have bought approx 275, 000 shares so far: biz.yahoo.com (insider trades) In other news, the company completed the previously announced sale of its nursing subsidiary, Transworld Home HealthCare - Nursing Division Inc. to Pediatric Services of America Inc. (Nasdaq:PSAI - news). The transaction closed on July 15, 1998 and net proceeds were used to reduce borrowings under the company's senior credit facility. this money will show up in the next 10Q.. here is the current Aug 6th earnings announcement: biz.yahoo.com Total revenues rose 70.1% to $39,861,000 compared with $23,439,000 for the prior year's third quarter. Total revenues for the first nine months of 1998 increased 78.5% to $114,989,000, up from $64,405,000 for the first nine months of fiscal 1997. Net income for the third quarter was $271,000, compared with a net loss of $30,387,000 from the previous year's third quarter. Third quarter net income reflects a net increase of $866,000 over a net loss of $595,000 reported in the second quarter of fiscal 1998. For the first nine months of fiscal 1998, net income (including special charges) was $23,000, compared with a net loss of $29,031,000 from the first nine months of fiscal 1997. trades briskly - avg 33k currently trading at 3 x 3 1/8 (new 52 week low) 52 week high 9 7/8 previous 52 week low 3 7/8 shares out 17.5 M float 6.1 M book value $5.60 cheers MG