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Biotech / Medical : Novacare (NOV) breaking out... -- Ignore unavailable to you. Want to Upgrade?

To: Fred Hazeltine who wrote (364)	2/5/1999 5:43:00 PM
From: mortwald	Read Replies (1) \| Respond to of 420

I'm nervous too. Nothing that looks this good doesn't raise questions.Below is an abbreviated 2nd quarter result. Only lost a penny after restructuring charges. Margins must have decreased as revenues increased. The bond issue is only 175 million, and I can't see that amount bringing down a company doing almost 2 billion a year revenues. You're not alone. I'm up to my ears in this thing. I'm glad you called the company, and am pleased they weren't evasive. NOV Thursday January 28, 1:38 pm Eastern Time NovaCare Posts $0.29 2Q Loss After $0.28 Restructuring Charge NOVACARE INC. Interim Consol. Earns.: Dec. '98--Thou. $ 3 Mos. to Dec. 31: 1998 1997 Revenues 483,322 398,818 Net income d 18,498 20,572 Sh. earns. (basic): d $0.29 $0.34 * Sh. earns.: d $0.29 $0.33 6 Mos.: Revenues 961,523 755,516 Net income d 12,825 30,796 Sh. earns. (basic): d $0.20 $0.50 * Sh. earns.: d $0.20 $0.49 .......................mort