Radnet Inc (NASDAQ:RDNT)

CAPS Rating: 3 out of 5

Recs

1
Player Avatar pops83 (52.69) Submitted: 4/13/2008 9:37:10 PM : Underperform Start Price: $7.02 RDNT Score: +79.37

Q4 and end of year report delayed, but not for long. Released on 3/31/2008. Adjusted rev 2007 of 434 mil. Adj. EBITDA 85.3 mil. Up 4.3% and 9.5% respectively. Projected Guidance 2008, Rev of 470 - 500 mil Adj. EBITD 100 - 115 mil.

Deficit Reduction Act has hurt the healthcare industries, some more then others. However, I feel that with Radnets agressive growth through aquisitions of other Rad groups should further position Radnet to be able to weather reduced reimbursement / uncollectable accounts receivables Currently buyers are outnumbering sellers by a 3:1 ratio. If the company can meet their projections for 2008, which now that the absorption of companies aquired seems complete, along with further growth via additional aquisitions should place Radnet in the position of industry leader in radiological services.

At least that is my take on it, if anyone with more experiance than I have would like to chime in, I would appreceiate your input.

Featured Broker Partners


Advertisement