Profound Medical Corp (PROF)

[hayfarmer]

I think it was just overbought. It kept riding the upper bollinger band and today it bounced off the lower band. Some progress will be needed to keep this going. No installations in quite a while No updates from RJ that I know of. The better than expected revenues is big though meaning the machines in operation are being used more than anticipated.

[Prfmf1]

Any thoughts on the price action over the last 3 or 4 days?

[Prfmf1]

I was hoping they might talk about new prostate procedures, but that never happened.

[janeyH]

Well, any insights from the today show

[Prfmf1]

The Today Show on NBC has been advertising over the last few days that they will be talking about new prostate surgery options on Monday.

[rmgillis]

I had successes in many stocks this past month- I guess their proximity to PROF is rubbing off!

News: I had Ralph at Investor Village add a PROF board today, I know several posters here are frequent posters there. Hopefully more IV regulars will become aware and will grow the discussions both here and there. The more the merrier (up to a point.)


Everyone is invited. If you can write up a short recap for new investors, it would be appreciated.

[janeyH]

holy cow!!! whadda day

[Prfmf1]

I wonder who paid $29.00 in the after market?

[Prfmf1]

I wish all my stocks would consolidate like this. LOL!

[Plegee]

The price movement in this stock sure justifies the 1.45 beta. High volatility, but nice overall trend. Big price swings.

[TripTrap]

They are taking this down with squat for volume yesterday and today. Looks like the start of a consolidation phase for awhile. If we should be so lucky for PROF to get down around $23.15 I will be buying more.

[Prfmf1]

Thank you! They took it down pretty hard today.

[hayfarmer]

Last year it was March 3rd. Looks like we got overbought this morning with the gap up.

[Prfmf1]

Folks, this is really getting interesting! We closed up over $1.00 with increased volume. Now we just matched our all time high in the after market. Does anyone know when we will have the next earnings and conference call date?

[rmgillis]

SeekingAlphaPROFComment value on obscure stocks-

We kept in touch with a knowledgeable author for years with GCVRZ that way and were able to get back in before the price went up when the the Genzyme CVR was litigated and settled (disappointingly low) with SANOFI over SNY deliberately tanking development of Lemtrada for MS in favor of their own drug Aubagio. Still a 70% gain based on late entry buy in the low .50s range (settled at about 88c) But after 7 years post-Genzyme acquisition, & 4 years of litigation the backers of the suits were ready to accede to a low offer. There was no where else to get any news except reading redacted court filings. I just wish I had more cash when I knew the worst case was probably no less than what we got.

This is why CVRs are not nearly as good as they theoretically should be in a buyout- very hard to hold the acquirer accountable. The more lucrative it is the more they will try to weasel out- in this case they were willing to delaying over a virtual cure for MS for many patients for (normally a single treatment or two doses total 12 months apart. Basically resets the immune system to end autoimmune problems.

So everyone make a comment on the Seeking alpha PROF article even if you just say "thanks for the article."

[hayfarmer]

Good advice on making a comment to the article.

[rmgillis]

Link to SA article
https://seekingalpha.com/article/4400526-profound-medical-strong-product-strong-momentum-attractive-buy

Be sure to visit this article now before it disappears from free viewing. Also be sure to make a comment and you should be able to follow any future comments. Not very many PROF message board commenters to read so you don't want to forgo sharing in the sparse news we can see. SA will notify you whenever there are new comments (if you enable notifications) and then you'll have a de facto additional message board when something interesting happens. Already there are some useful comments that you will want to read and maybe repost the most pertinent here.

[Prfmf1]

Trip & Hayfarmer, a new Seeking Alpha article was released after the market closed yesterday. I can't find it but I understand it was very bullish. This might be the reason the stock was so strong last week. I'm assuming it was leaked before it came out.

[janeyH]

great post TT - let it riiiiiiiide

[TripTrap]

Was just looking at the chart and how pretty it is.... As far as what is going on I believe it’s just PROF being PROF. Great medical technology that half the population will probably use, excellent management, great share structure, growing revenues ...and yes insurance approval is one day closer!!! Just let it ride IMHO!

[Prfmf1]

Trip, what do you think is going on? Close to insurance news?

[TripTrap]

Slow grinding upward price action. Perfect for a long sustained run.
If PROF's chart was a painting it would be the Mona Lisa right now...lol.
Enjoy the ride!!

[Prfmf1]

looks like they shook the tree yesterday and got rid of some weak holders.

[janeyH]

this isnt going back to 21 is it?

[Prfmf1]

Based where PRN closed today, we will probably open lower tomorrow.

[Prfmf1]

I think this is a good area to accumulate.

[janeyH]

nibb'd 24.30s

[janeyH]

Patience is not my strong suit but I will try

[Prfmf1]

Janey, I think it's going up for a number of reasons. The revenue numbers were an upside surprise and just added fuel to the fire. Just think where this stock will be if and when they get the insurance code. Once we get the Covid-19 situation under control and start opening more sites this will really take off. If you have staying power just enjoy the ride. I believe this will be a very big winner in 2021. I'm also thinking we could be a takeover candidate sometime in the future.

[janeyH]

Tell me if i am getting greedy, Prfmf, but i thought this would have run more on the good rev news.

[janeyH]

it is. a lot like my WLLW holding

[Prfmf1]

Janey, this is a very thinly traded stock.

[janeyH]

boy i'd like to see some more volume today - barely at 100% avg daily volume

[TripTrap]

"Roger that Houston, we've got a beautiful view out of the left side window of the moon now."

[janeyH]

Nice start to the day - let's hope the run continues

[hayfarmer]

I can't find the Dec 24th report either. We need a Raymond James customer here. I'll check with a broker friend.

[TripTrap]

Expecting a nice morning gap up this morning!

How did we all get so lucky to find this company?

Go $PROF!!

[janeyH]

Thanks Prf - it was right there in text - duh! Was reading on my phone.

It could be an interesting day tomorrow.

[Prfmf1]

Janey, consensus was 2.14M

[Prfmf1]

Trip, thanks for the terrific news!

[janeyH]

does anyone know how that compares with expectations?

[TripTrap]

Profound Medical sees Q4 revenue growth of 32%

Jan. 05, 2021 4:59 PM ETProfound Medical Corp. (PROF)By: Akanksha Bakshi, SA News Editor

Profound Medical (NASDAQ:PROF) announces that it anticipates total revenues for 4Q20 to be ~$3.7M (vs. $2.14M consensus), representing growth of 32% year-over-year and 24% sequentially; and for FY20 anticipates total revenues to be ~$9.7M, compared to $5.5M in 2019.

“We believe the strong sales performance in the fourth quarter, which was achieved in the face of continuing COVID-19 headwinds for the medical device industry, speaks to the strength of both our technology and business model,” commented Arun Menawat, Profound’s CEO.

[Prfmf1]

One came out on December 24th but I can't find it.

[hayfarmer]

I have not been able to find an RJ udpate. Can you tell on ETrade if one has come out?

[Prfmf1]

Is there a new RJ report out?

[janeyH]

more sites coming??????

should be plenty coming after hopkins roll out

[Prfmf1]

Nice move in a down market!

[TripTrap]

Beautiful gap this morning in PROF up from last Thursday's close. Again price came back down last week and tested the breakout from 2 weeks ago. Now nowhere to go but up IMHO!

[TripTrap]

Thank you Prfmf1! Same to you and yours as well!!!

2020 was not all bad...for one thing, it was the year I discovered PROF. However I believe 2021 will be the year we make a lot of money with PROF!

[Prfmf1]

Trip, if we get positive insurance news this stock trades north OF $25.00. A Very Healthy and Happy New Year to you and your family!