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Market Cap: 4.40M
Employees: 674
Qtrly Rev Growth (yoy): 3.40%
Revenue (ttm): 77.52M
Gross Margin (ttm): 57.32%
NationsHealth, Inc. provides medical products nationwide to Medicare and managed care beneficiaries with a focus on improving the delivery and cost of healthcare to the approximately 41 million Medicare beneficiaries in the United States. NationsHealth also provides certain services, including marketing, insurance agent training and licensing, member enrollment and service, distribution and billing and collections, to Medicare Part D prescription drug plan providers and other Medicare benefit sponsors. Our information technology platform and patient service organization support the large-scale enrollment and servicing of individuals, program administration and patient management.
NationsHealth to Be Quoted on the OTCBB
NationsHealth, Inc. (Nasdaq:NHRX) (the “Company”) announced today it notified the Nasdaq Listing Qualifications Panel that it has withdrawn its appeal of the Nasdaq Listing Qualifications Department’s notification that the Company had not gained compliance with the requirements of Nasdaq Marketplace Rule 4310(c)(4). Therefore, beginning with the opening of trading of the Nasdaq Capital Market on Thursday, May 1, 2008, the Company will be delisted from the Nasdaq Capital Market. The Company believes that its common stock will be eligible for quotation on the OTC Bulletin Board (OTCBB) on May 1, 2008 under the trading symbol NHRX or NHRX.OB.
The Company has been advised that the Financial Industry Regulatory Authority (FINRA) has approved a market maker’s application to make a market in NationsHealth’s common stock and to enable the Company’s common stock to begin being quoted on the OTCBB. Information on the OTCBB can be found online at www.OTCBB.com. As required for quotation on the OTCBB, the Company intends to remain current in its required filings with the Securities and Exchange Commission. The Company believes being quoted on the OTCBB will not have a material adverse impact on its ongoing business operations.
About NationsHealth, Inc.
NationsHealth seeks to improve the delivery of healthcare to Medicare and managed care beneficiaries by providing medical products and prescription related services. NationsHealth provides home delivery of diabetes supplies and insulin pumps, medications and other medical products to patients across the nation. In addition to its medical products business, NationsHealth also provides education, marketing, enrollment and patient service to insurers offering Medicare Part D prescription drug plans and other Medicare insurance coverage. NationsHealth has an agreement with CIGNA to service its Medicare Part D prescription drug plans nationally. For more information, please visit http://www.nationshealth.com.
This press release contains forward-looking statements about NationsHealth, including statements regarding management initiatives and new product and market opportunities, none of which should be construed in any manner as a guarantee that such results will in fact occur. In addition, other written or oral statements that constitute forward-looking statements may be made by us or on our behalf. Forward-looking statements are statements that are not historical facts, and in some cases may be identified by the words “anticipate,” “project,” “expect,” “plan,” “intend,” “may,” “should,” “will,” and similar words or phrases. Such forward-looking statements, based upon the current beliefs and expectations of NationsHealth’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: NationsHealth common stock may not be quoted on the OTCBB when expected; and geopolitical events, regulatory changes and other risks and uncertainties described in NationsHealth’s Annual Report on Form 10-K for the year ended December 31, 2007, and NationsHealth’s other reports it has filed with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. NationsHealth cautions investors not to place undue reliance on the forward-looking statements contained herein. These statements speak only as of the date of this press release and, except as required by applicable law, NationsHealth assumes no obligation to update the information contained herein.
NationsHealth, Inc., Sunrise
Timothy Fairbanks, CFO, 954-903-5018
Source: Business Wire (April 30, 2008 - 4:31 PM EDT)
FWIW NHRX is a long term accumulation and hold position
avg buys btwn .23 - .26 (so as you can see, no front loading :)
bought more shares this morning @ $0.23
Analysts give NHRX a "BUY" rating up to $1!
Analysts' Opinions
Consensus: BUY (1.00)
been working on updating the NHRX ibox
there's so much information!
hi mm
hope you're having a great day!
our NHRX is really looking sweet today!
can't wait for more :)
I plan on doing a lot more DD and adding to the ibox this evening!
I think this is going to be a very nice mover soon!
Hello My love....eom
Hi mason
looks like we need more friends!
meet midtownmurphey! He's in IMYN with me and we did very well :)
Hi MM
great to see you here.
Just got back from my girl's soccer and was going to fix up the ibox a bit.
hope you have a great night!
Tina GREAT find, absolutely right about CNBC today.
MM
very nice website:
http://www.nationshealth.com/
Estimated Market Cap
6,450,090 as of Apr 9, 2008
Outstanding Shares
29,318,591 as of Mar 26, 2008
Number of Share Holders of Record
44 as of Mar 28, 2008
BIO stocks big on CNBC today
Definately a hold, but I think this will see a $1.00 sometime really soon.
Looks like a granite bottom of around .70
thanks for your DD.Sounds like we might here at the right time.AS you were saying that if it holds here then we might have a support for a nice move up.
The good thing is the volume, and how this is holding pretty much at .70 cents.
I contacted mega stock pick and they said that they will be releasing their video on youtube in the next day, explaining why this is a stock to own.
So that could be thousands more that know about nations health.
I agree with you and also with whoever told you that, it does seem to be way oversold, you never know in anything, but If I had to guess, this will be in the $1 - $3 range again, probably sooner than later.
I own 5200 shares now, so I will be happy to see this hit $1.10 to be honest and the funny thing is, I will probably be underselling at that price.
As someone told me,there is no support because it's never been so low,butit is oversold.So when the selling stops it should bouce.Will have to wait and see.
by the way, I did some research on my own and found out that sharebuilder.com analyst pick NHRX a "strong buy"
and I looked the symbol up on yahoo and their 1 year price estimate is $3.50.
So this one is looking good!
I hope they are to, cause I made a mistake an sold a great future stock, ABVG.
I hope this turns as quick as they are thinking.
Got an e-mail from Mega stock pick and they are saying that it is easy money an almost sure bouce.Hope they are right!!
Yes I did and I will call some folks I know in that business, but looks like great play to me. Thanks.
Have you looked at their website yet?
www.nationshealth.com or www.nhrx.com
I also emailed a stock research company just now, to have them take a look at it, so they may send something out on it tomorrow as one of their future bulls if they like it enough.
There really isn't any reason for the drop in price.
I like this stock, I looked at the charts and it stayed in the few dollar range for years.
I read the news, they actually had a better quarter, I just think it is a definite bottom bounce play, it looks darn good to me.
I got in at .76, this has 30% gains written all over it I believe.
Any idea why the current drop in price? Looks very interesting.
The web sites are
www.nationshealth.com
www.nhrx.com
This stock is at its 52 week low, and looks like a good buy.
It held steady in the mid few dollar range for years.
Diabetes is up in America, this seems to be a good buy.
The company employs over 400 people.
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Location: Sunrise, FL
Founders: Lewis Stone, 46, Glenn Parker, 43, Robert Gregg, 41
Chart:
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