Providence Svc Corp (NASDAQ:PRSC)

CAPS Rating: 2 out of 5

The Company provides and manages government sponsored social services directly and through not-for-profit social services organizations.

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Member Avatar helicopterfool (25.50) Submitted: 4/1/2014 3:51:50 PM : Underperform Start Price: $38.14 PRSC Score: -7.19

TSIF

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Member Avatar TSIF (99.96) Submitted: 4/1/2014 2:28:19 PM : Underperform Start Price: $36.78 PRSC Score: -10.93

Nothing really personal against Providence Service Corp, other than a 30% unwarranted spike on news it was buying a "complimentary" Austrailian company Growth is generally good and if they got a good deal then eventually this will be accreditive to shareholders.

Looking for a 10-20% retrace, however, (hardly worth the CAPS shuffle, but since I already did the investagory work, I'll tag it.

Fairly consistant revenues, on low margin.. $3-5M a quarter. No real growth the last four quarters. Slightly negative value with intangibles and goodwill on the books. Issued about $9M in shares the last year to essentially pay down $3-5M in debt.
Deal, cash, will take about half it's cash reserves.
Low float stock with about 200,000 shorts, which should be most of the reason for the 30% rally on sub 700,000 shares traded.

30% pop, not sustainable, should bleed off, but this might be a company worth some upthumb research in the future if it retraces too much......

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