+ Watch RDNT
on My Watchlist
Company doing everything right, nice metrics, solid management team in place.
A small and seriously undervalued (forward p/e in the mid single digits) diagnostic imaging services company in California. I don't see a shrinking market, so I don't think this one's gonna drop.
High Employees for Capitalisation
Just feeling lucky about this one.
Radnet is snapping up strategic imaing centers and watching competitors like Insight shrink. Insight is rumored to be leaving California which would allow companies like Radnet to position itself as one of the leading providers of diagnostic care.
This is one of my STARZ.Here is the thought process on this STAR: a) Divided rate over Zerob) 3 Year Beta between -5 & +3c) 15% + Insider ownershipd) No greater than -50% Growth rate for the last 3 years (tough last couple of years so good that insiders are still owning the stocks)e) Current CAPS rating between 3 Stars & 5 StarsOpen to all Industries and Sectors screened this down to just 250 stocks. I like round numbers. 12 of them I already own through other screening tools. I tend to be somewhat conservative but looking for 3 things at this point in my investing:1. Stability & Strength2. Yield and Modest Growth3. Strong Position within a sector regardless of whether the entire sector is strong or not. Each sector has to perform to some degree for the whole world economy to function. I am looking for 5 or more years down the road, ROI, and Growth. Not looking for rockets, just stars. This is a Star!!
this is a take out !!
Company is growing to line and EBIDA, has strong cash flow (30-35 million this year)to pay down debt and is at a turning point to make profits.If they execute well stock should go past 10 bucks over the next 24 month.Watch closely Medicare changes because it's the highest risk to their business.
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.
Many funds now aboard between 9-10 dollars. Six Forecasts of $12.60-$15.00 12 months. Earnings,ebda and rev growing fast each q. Best in bread among sector. Major growth from the dra and tight credit market. GE loves them and Bill gates fund has 700,000 shares.
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