CheggChamp (< 20)

Can AHS have a great 4th quarter?

November 14, 2010 – Comments (0) | RELATED TICKERS: AHS

AMN has made a nice acquisition and scored a great managed service contract this year. When is it going to give some earnings that investors will like? I think this quarter will be the turn around. AMN should get a nice boost from the acquisition in top line growth. Additionally, I think the Nurse supply and demand will start to increase as the economy isn't changing quickly, so, the negative psychological drivers that have  dramatic impact on AMN's core nurse staffing division should start to subside, which they alluded to in the company's last earnings call. So, AMN should start seeing some momentum. Since AMN had to shed most of its prior goodwill, it should be situated well to have both signficant GAAP and EBITDA earnings this 4th quarter.