$ICAD is on a lot of people’s radar’s today after opening at $1.43 jumping to $1.65 and then settling back to $1.55. The company does some solid work in computer aided detection of cancer. The latest uptrend was spurred by some recent sales in Spain where their tech was used with systems manufactured by GE Healthcare. They have an ongoing partnership with GE’s medical equipment arm.
Another aspect of iCad that we like is that they are in healthcare on the one side that won’t take a hit by social upheaval. Medical equipment is the one aspect of healthcare that has stability because of our aging population without threat of losing profits in the face of a broader nationwide reform of how we pay for it.