Hanger Orthopedic Group Inc (NYSE:HGR)
An owner and operator of orthotic and prosthetic patient-care centers. It designs, fabricates, fits and maintains a range of standard & custom-made braces & other devices that provide external support to patients suffering from musculoskeletal disorders.
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Obamacare is reaking havoc in the Prosthetic/Orthotic business with the pre-payment audits mandated by CMS which will no doubt affect cash flow and and future sales will be stunted as a result of whats coming down from Medicare Part B billings
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revenue and margins increased 9.5%
cash flow increased 18% yr over yr
debt flat
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Aging population, good product, good p/e. I wish they had a dividend.
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The stock has a great management team and delivers products which are going to be high in demand in the near future. HGR stands to benefit directly from an aging population and an increase in Medicare/Medicaid spending thanks to their focus on products which assist patients in a period of rehabilitation.
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healthcare sector bound to increase
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There a GIANT amongst all of there competitors
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Many missteps the last ten years. Now in the orthotic catbird seat.
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Dare I say I feel "Patriotic" buying stock in a company founded in 1861 by the first amputee of The Civil War? and now during years of war in Iraq/Afganistan, death tolls are lower than WWI and WWII, however loss-of-limb occurs far more often than loss-of-life. Hanger is a leader in prothetic care. and with the advent of WalkAide by Innovative Neurotronics, can assist millions of people with foot-drop due to stroke, multiple sclerosis, or head trauma.
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An aging population needs these toys. I've used their products, and they are well made.
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I own shares of HGR in my portfolio and have done well with them YTD
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look for government budgets to elevate prosthetics from the federal review of military rehabilitation facilities.
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This stock was picked by TMF Hamp.
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