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


To: Robert E. Winston who wrote (2440)1/19/1999 11:52:00 AM
From: BlueCheap  Respond to of 2911
 
My first post here since coming into MDIX early today. Looks like this little stock could/has caught fire. MDIX was recommended by a friend as a speculative stock which could do quite well for investors at current prices..
Regards,
Malcolm



To: Robert E. Winston who wrote (2440)1/19/1999 11:54:00 AM
From: Graham Marshman  Read Replies (2) | Respond to of 2911
 
Has anyone looked at the financial performance possibilities for MDIX in 99 if Wellpoint comes in.

Wellpoint may be worth $24 million annually, but you have to assume some growth time and a late start in 99. Could be $5 million say growing to the proposed $24M over three years? An additional $1.9M was mentioned from accounts receivable from New York.

Cymedix SG&A is running about $800k per year, but would also increase with the loss of some core functions in the divestitures and business support, so could be more like say $2.0M per year?

Interest expense running at about $180K per quarter will probably increase to say $800K for the year?

If I add up all the assumptions, this comes to a net gain on the year of $4.1M or 0.19 per share.

This all sounds too good to be true - anyone have any thoughts?
Graham