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Last Post: 8/22/2018 12:46:16 AM - Followers: 9 - Board type: Free - Posts Today: 0

HemaCare Corporation HEMA What do they do?: HemaCare Corporation provides the customized delivery of blood products and services. HemaCare collects, processes and distributes blood products to hospitals and research related organizations. The Company operates and manages donor centers and mobile donor vehicles to collect transfusable blood products from donors, and also collects human-derived blood products which are utilized by health research related organizations. Additionally, HemaCare provides blood related services, principally therapeutic apheresis procedures, stem cell collection and other blood treatments, to patients with a variety of disorders. Blood related therapeutic services are usually provided under contract as an outside purchased service. HemaCare has operated in Southern California since 1978. In 1998, HemaCare expanded its operations to include portions of the eastern U.S. In 2003, new management reduced the number of geographic regions served as part of a restructuring plan to return HemaCare to profitability. Since 2003, HemaCare's earnings have improved as a result of the successful implementation of management's plan. In August 2006, HemaCare acquired Florida-based Teragenix Corporation, subsequently renamed HemaCare BioScience, Inc., which sources, processes and distributes human biological specimens, manufactures quality control products and provides clinical trial management and support services. Leadership & Management Board of Directors Julian Steffenhagen Chairman of the Board / Interim CEO Over a period of 27 years, Mr. Steffenhagen held several management positions at Beckman Coulter, Inc., Master of Business Administration degree from the University of Michigan. Teresa S. Sligh, MD President and Medical Director Translational Research Group, Inc. Terry Van Der Tuuk Vice Chairman Graphic Technology Masters of Business Administration degree from The Wharton School, University of Pennsylvania. Steven Gerber, MD Managing Director/Director of Research Wedbush Morgan Securities Robert S. Chilton Executive Vice President and CFO Mr. Chilton previously was with KPMG Peat Marwick. Mr. Chilton received his Masters in Business Administration and Bachelor of Arts degrees from the University of California, Los Angeles and is a Certified Public Accountant. Medical Directors Joshua Levy, MD National Medical Director David Ciavarella, MD Instructor at Harvard Medical School. Jacquelyn Hedlund, MD Melanie Osby, MD Share Structure: Authorized Shares 20M Outstanding as of May 2007: 8.8Million Float: 7.3 Million t/a: U.S. Stock Transfer Corp., Suite 200 1745 Gardena Ave. Glendale, CA 91204-2991 Website: http://www.hemacare.com Contact:investor@hemacare.com. SEC FILINGS http://www.sec.gov/cgi-bin/browse-edgar?company=HemaCare&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany</a</a</a</a</a</a</a</a</a' Daily Chart: What Happened to the pps?? Essentially it needs to bounce alot. The story as of 11/08/07 On October 17th HEMA filed a 8-k form with the SEC stating that the company was defaulting on notes related to the acquisition of Teragenix/HemaBio. HemaBio was apparently loosing money and HemaCare was setting up the closing of HemaBio. At that time pps fell to .80, then the fun began. Praetorian Capital Offshore hedgefund which owned 1.2M shares decided to exit their position dumping their shares into the market and bringing the pps down to .26. Just as the charts were lining up for a rebound the company submitted another 8-k filing. This time they announced that HemaBio was closed and pps dropped on 11/8 to a low of .13 and closed at .19. The notes in default are secured by assets of HemaBio - so what closing it anyways. HemaCare is cleaning up thier business and eliminating the failing division which they paid too much for. By default, the debt for the notes will be removed as the note holders put claim on the HemaBio assets. Wait it gets better, those notes are subordinate to the Bank to which HemaCare has a credit line established with. Thus, HemaCare is woring with Comercia bank to close HemaBio's failing division. Outcome: As stated in the 8-k filings HemaCare has nonrecurring restructuring charges which will be recognized in Q3 and Q4 07. Clearing the way to higher profitability in 2008. Do the math, company market cap is only 1.67M as of close 11/8. It was as high as 29M earlier this year and 11.5M early October. The compay is restructuring for higher profitability and is set to continue operations. WHAT NOW? Well the fundamentals of the company haven't changed this week, they had 36.4M in Revenue 2006 and were on track as of last qtr to beat that number. Book value is 1.13pps. Praetorian Capital Offshore Hedge fund. Held 1.2M shares purchased in 2006 with an average pps over 2.00. May 2007 sold 5,000 10/18 sold 130k 10/19 sold 130k 10/22 sold 77,100 10/23 sold 140k As of 10/23 still held 792,900 shares 10/30 sold 5k for .342 10/31 sold 240k for .3084 share remaning 547,900 Since our last Form 13G filing dated October 19, 2007, through the date of this filing, the Funds made the following transactions: November 1, 2007 sold 117,500 shares November 2, 2007 sold 80,000 shares November 5, 2007 sold 35,000 shares November 6, 2007 sold 10,000 shares November 7, 2007 sold 47,500 shares November 8, 2007 sold 257,900 shares Since we no longer own more than 5% of the shares of the issuer, no further Form 13G filings will be made unless we are one again required to do so. Financial HighlightsAll numbers in thousands Annual PERIOD ENDING 31-Dec-06 31-Dec-05 31-Dec-04 Total Revenue 36,484 31,227 26,836 Cost of Revenue 29,755 24,651 21,020 Gross Profit 6,729 6,576 5,816 QTRLY PERIOD ENDING 30-Jun-07 31-Mar-07 31-Dec-06 30-Sep-06 Total Revenue 9,646 9,356 10,687 9,177 Cost of Revenue 8,321 8,229 8,827 7,446 Gross Profit 1,325 1,127 1,860 1,731 Balance Sheet Total Cash (mrq): 908.00K Total Cash Per Share (mrq): 0.103 Total Debt (mrq): 3.20M Total Debt/Equity (mrq): 0.322 Current Ratio (mrq): 1.238 Book Value Per Share (mrq): 1.13 Link to Yahoo Finance HEMA for Financials etc: http://finance.yahoo.com/q?s=HEMA.OB Earnings Announecement Nov 14,07 California Deptaertment of Corpotations filings: http://kepler.sos.ca.gov/corpdata/ShowAllList?QueryCorpNumber=C0873552 Corporation HEMACARE CORPORATION Number: C0873552 Date Filed: 9/18/1978 Status: active Jurisdiction: California Corporation HEMACARE BIOSCIENCE, INC. Number: C2932596 Date Filed: 10/11/2006 Status: active Jurisdiction: FLORIDA
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#512   Excellent six months report released today. growth, cash, snakess 08/22/18 12:46:16 AM
#511   I had my doubts about this comp but Ihun 08/21/18 10:29:37 PM
#510   Finally, a voice in the wilderness. dg33 07/05/18 02:48:08 PM
#509   Huge move the past few days especially today snakess 07/03/18 01:43:39 PM
#508   In 2017 HEMA had $20M in revenue. In dg33 06/06/18 08:18:50 PM
#507   Good write-up. Interesting how what he wrote about dg33 04/03/18 01:46:49 AM
#506   updated and strong buy recommendation on hema from snakess 03/31/18 12:35:30 PM
#505   Thank you for your permission. Now I can dg33 03/09/18 11:08:46 PM
#504   dg please don't be so PC- if you snakess 03/09/18 10:20:17 PM
#503   HEMA and ZMTP are my two largest holdings. dg33 03/08/18 10:39:56 PM
#502   hema ! this report by hema could actually snakess 03/08/18 10:10:01 PM
#501   Congrats to all HEMA longs! Earnings were incredible: Bogie80 03/08/18 12:48:28 PM
#500   Do you have a sense of the potential dg33 03/08/18 10:35:08 AM
#499   2017 Financial Report Released Today dg33 03/08/18 10:30:17 AM
#498   It appears that there are large buyer around. snakess 01/27/18 05:51:13 PM
#497   HemaCare Announces OneBlood Exercises Second Investment Tranche Option Business dg33 01/08/18 07:23:27 AM
#496   As far as I know, that option to dg33 01/04/18 12:09:08 AM
#495   new 52 wk high today- $3.75- no news snakess 10/16/17 08:07:02 PM
#494   bullish announcement from company today- expanding product line- snakess 07/17/17 04:27:03 PM
#493   Here's a bunch of research right up HEMA's paideia 04/13/17 04:53:59 PM
#492   year end numbers out today and they were snakess 03/13/17 03:39:06 PM
#491   $HEMA HemaCare Signs Distribution Agreement with Israeli-Based Partner ht 247MarketAddict 02/20/17 03:14:50 PM
#490   new blog post on HEMA NoNameStocks 06/15/16 10:28:16 AM
#489   $HEMA recent news/filings stocktrademan 03/23/16 12:51:06 PM
#488   Thanks. Glad you enjoyed my write up. NoNameStocks 10/06/15 11:48:04 PM
#487   Dan, I read the No Name report. Very tsoprano-1 10/06/15 01:49:20 PM
#486   I have no association with them NoNameStocks 10/06/15 11:43:03 AM
#485   Dan, you associated with SA Advisory? They just tsoprano-1 10/05/15 09:07:25 PM
#484   Just realized I did not directly answer your NoNameStocks 09/25/15 01:28:24 AM
#483   Ok I read both documents over and I NoNameStocks 09/25/15 12:54:27 AM
#482   Unfortunately I'm on a business trip so don't NoNameStocks 09/21/15 11:53:12 AM
#481   Dan, enjoyed your write-up on HEMA. How did Knowledge is King 09/21/15 10:18:03 AM
#480   Write up on HEMA NoNameStocks 08/11/15 11:31:53 AM
#479   Hi Ezey, jackfree 03/01/13 05:52:45 PM
#478   is anyone following this co. ezey 02/05/13 02:22:21 PM
#477   Form 10-Q Released jackfree 05/14/12 01:07:03 PM
#476   biz.yahoo.com/e/120405/hema.ob10-k.html Form 10-K for HEMACARE CO jackfree 04/05/12 08:04:16 PM
#475   ca.us.biz.yahoo.com/e/101115/hema.ob10-q.html Form 10-Q Released[ jackfree 11/16/10 04:35:38 PM
#474   Starting to look better here humblehawk 09/13/10 06:56:50 AM
#473   HemaCare Board Re-Elected and Gerber Named Chairman di4 05/29/09 07:16:21 AM
#472   HemaCare Reports Sixth Consecutive Profitable Quarter di4 05/07/09 09:14:21 AM
#471   FORM 10-Q released. Numbers would look good jackfree 11/28/08 06:59:20 PM
#470   HemaCare Reports Profitable Second Quarter jackfree 08/13/08 03:16:53 PM
#469   anybody have thoughts on the quarterly? Welcome2Pinkyland 05/15/08 07:09:40 PM
#468   looking good still Welcome2Pinkyland 03/11/08 01:05:50 AM
#467   14:23:12 20000 0.29 OTCBB MWM 03/06/08 03:43:12 PM
#466   MJCO mm added 125K so far at .024 MWM 03/05/08 11:15:07 AM
#465   Congrats to the HEMA holders, charts turning up morcash 03/04/08 05:32:51 PM
#464   HemaCare Reports Profitable Fourth Quarter Results From Continuing Operations MWM 03/04/08 05:28:54 PM
#463   I did some of it, it's outdated now. morcash 03/04/08 05:28:06 PM