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I made some large purchases today. Anything under $1.75 is just too good for me to ignore. Not sure what happened yesterday, but it was nice to get the chance to buy some nice blocks today, maybe get me some tomorrow too.
Indeed, nice turn around play for sure. If it eases back some, it will give me a good chance to up my game by buying more shares. One of my favorite picks in years.
Nice move up again on a down day. Nearly going parabolic. Hey, new high, can't beat that!
Totally agree Mick. New highs on a rotten day. Obviously interest is picking up, as are earnings and its financial picture. Watched this for years, seems now worthy of a decent amount of investment. Good luck to all!
Nice break out. I have a small number of shares recently bought, but the more I look at this, the more I like, especially since it should do well with an improving economy.
I did pick up 200 shares yesterday, bids for more. I think anyone who wanted out is out, add to that lots of people who are keeping the faith, company buy back, CEO buyback, there aren't enough shares out there to keep the price down for long.
Unless there is something negative in the next two reports, I think we'll make up lost ground. IMO --
Perhaps you need to use simpler words to explain the situation, like Weeeeeeeeeeeeeee!
I would say the margins of the overflow business were marginal.
During the twelve-month period ended December 31, 2014 these overflow revenue fees contributed $1,184,270, or 56%, toward the increase in UR revenues.
LESS expense:
The increase of $1,032,053 was largely the result of the increased number of UR outsource service fees resulting from the overflow from our third-party partner combined with increased MBR-related outsource service fees.
That's plus or minus whatever the MBR increase was. Hard to say, but it might not be such a huge earnings hit. Maybe around 19 cents at most for the overflow? Hard to say.
They also purchased a little more stock since 12/31:
Subsequent to the end of the fourth quarter, we have repurchased an additional 260 shares.
I think you are right about the growth prospects. We also don't know if the margins on the overflow business is lower than the business that they are going to bring in (my guess is that it would be much lower than new business). Don't know about the margins on Champion though. Either way,
we should get better clarity by Q3. All guesswork on my part.
It is a bit murky. I'm not looking for better sequential comps until after the third quarter, which is when I will try to evaluate the company and its growth rate. Of course, they could replace the business and it seems like they are working on it, and the share supply is wickedly low. I can understand people feeling a bit let down with the growth rate being stunted for a few quarters though. The buybacks and CEO's purchase may put a soft bottom around here too.
There are many fans of PFHO that won't sell a share, that's a plus too I guess.
It obviously sends a message. Let's see if Wall Street will listen.
Waikikian, I've asked others the same thing. Those that I asked to look at this were concerned that sequential earnings and revenues were lower this quarter even though the loss of the large customer and overflow from the other won't occur till the next two quarters. Third Qtr earnings were 69 cents on revenues of $2.75 mill, and fourth qtr earnings were 58 cents on revs of $2.39 mill (check my math). There was also concern about the margins of the business that is leaving vs. the business that they may grow into.
My unprofessional and women's intuition tells me that the next two quarters probably won't be what will get people excited, and we'll have to wait till the third quarter to find out exactly what core earnings will look like with those revenue losses being fully digested.
THAT SAID, I am still positive on the company based on enrollment growth and the fact that both the CEO and company are buying back stock. How many people are disappointed and want to sell or are trying to salvage gains vs. the amount of stock the company and CEO can buy will set the price in the short term. And the wild card is how much the company would be worth to another company that might like to have their business.
FWIW, that's my take.
Agreed. I guess it is up to the market to decide, but sadly many in the market don't have the long term horizon as I do with my investments. But then again, there are not a boat load of shares that can enter the market either.
Good catch.
PFHO - With Revenues of about $9.46MM, the loss or impairment of the revenues taken out of the 10K (bottom) is about 25% of revenues. Also, we're missing the growth words in their filing that we are used to. While they have some good things in the fire, like the buyback and lien service, it puts on hold the growth story for a few quarters I think. The increase in enrollments also looks very positive, and the company is very well run. Do you see this as any more than a hold at best right now?
From 10K:
During the twelve-month period ended December 31, 2014 these overflow revenue fees contributed $1,184,270, or 56%, toward the increase in UR revenues.
During the twelve-month period ended December 31, 2014, MBR fees generated from Companion were approximately $1,196,000, or 66% of MBR revenue during that period.
NPR and ProPublica have had several articles on managed care. I wonder if this got some investors a little nervous. Several articles worth reading, not that I think it will have much/any effect in PFHO myself, but wanted to point it out to those that like background info. Search Workers Comp on NPR and there are others.
http://www.npr.org/2015/03/04/390441655/injured-workers-suffer-as-reforms-limit-workers-compensation-benefits
GO PFHO!
Most wise investors will look for value where ever they can find them. And by the way, this isn't on the pinks, it is otcbb+. Never lost any sleep holding this one.
Bulls love red flags. Charge!
That's the best you can come up with?
Yup, my call of the low still stands. Maybe this is the last call in the 30s?
looks like some bidders stepping in now :)
Maybe we should all just enjoy some aged whisky and let the person who is most off on PFHO going up or down buy the shots. Of course, if someone wants to short PFHO, we better get their money up in advance.
It don't take balls to have a killer portfolio. Some women can kick them to the curb when picking stocks, though, as last year a few ball busting stocks kicked my ass, I may have to say "Some women and sometimes".
Fizzle, shmizzle. If it hits $30, I will throw in the towel and hail you as correct (if not just plain lucky). I am very surprised that with the buyback, that the stock would be allowed to dive $3 without any support at all. But as it seems the CEO is very fruggle, perhaps he thinks they can get a better price too?
IDK. Makes it hard to get out of the stock at any price if 500 shares can move this stock several points. If you have a big block, it would be as if to say "here is your big profit, let's just see if you can get it?: :(
Problem with buying up all the float of a thinly traded stock is that you then need to find someone to sell it all to. It's a great ride up, but what kills you is making an offer and nobody is there at any price.
I think you will be amazed. With all the 1000s of stocks that are crap, you pick on this one? LMAO.
Don't think it will uplist? I wouldn't bet against it. Are you man enough to admit you are wrong if this stock does, or goes over $100, or will you keep posting sour nothings here?
There seems to be almost no resistance to the move up. The last laugh will be had by the bulls, I don't think the bears will have another laugh ever. JMO.
Admit you are wrong today, or be a bigger fool if/when this explodes. The time bomb be ticking.
LOL, wasn't the poster that I had wanted to respond to. Happy hour wine must have me loopy. Anyway, I am clear minded enough to know that anyone who touts this fall will have had their last laugh as I think the bottom is in. But what do I know? A lot less now that my wine glass is empty. BARTENDER!!!!
I am going to go out on a limb and say that yesterday was the bottom. I saw hardly any shares offered on a down day, and that looks bullish to me. If the stock breaks below $33, I will say you bashers win, and will not post again. Otherwise, I expect you to eat crow.
I think there are probably some investors who are beginning to throw in the towel here. There are few companies (if any) that come close to the potential that I see here. But, even I have a price where if the stock chart looks broken, it may make sense to end the pain and hit the sell button. I never thought we would see the dirty side of 50 again, let alone hit 35. Even the best companies have stocks that just don't work out. I just never thought PFHO would be one of them and still have hope (if only that) that this will get some traction.
First, have a happy Thanksgiving. Second, the most successful people have had failures in the past. You learn much more from things that go wrong than things that go right. Each success and failure should be treated on their own merits. PFHO is a success by almost every measure.
My view on the buyback is that if they are issuing stock compensation, the shares purchased in the open market will be in friendly hands and unlikely to be sold. I assume by the time the 10k comes out, we'll know more.
I don't know where the stock is headed. Everyone should make an investment in this based on their tolerance for risk and potential for loss. I'm sure people will trim holdings as the stock goes up or down. But I think as this company grows, more people will likely want a growth stock like this in their portfolio. If you have any legitimate reasons that you think this is not so, other than your views on social medical spending, feel free to speak. I just don't think his age or past affiliations will change many minds.
The salary increases are well deserved, I just don't know if they will start granting options or something of the sort from this paragraph:
"The Company is repurchasing shares principally to offset potential dilution to shareholders in connection with possible future equity security grants to Company employees and consultants it wishes to reward for their performance or to provide additional incentive for future employee performance, as well as to enhance the Company’s ability to attract and retain employees in the future through grants of equity interests in the Company. The repurchase program will be funded primarily from existing cash balances and working capital."
Again, not worried about it, and the sky is clear blue for PFHO, but it will be interesting to see how they grant any equity awards, if at all.
Great surprise today, I think it will forever put to rest any claims that the stock will be halved.
Only fly in the ointment is the stock compensation plan. One of the draws that I had to this was that they weren't doing anything dilutive and that the share count was rock stable. A 12% hike in compensation doesn't sound too bad, but like in the 10Q, there is great news, and then there is something that remains to be seen that makes it hard to value future results. No matter, it is a very exciting time to be a shareholder I think!
There were some eager beaver buyers at the close where shares were snapped up at $36. As I have learned the hard way with EACO, there can be tremendous relative value in a stock, but you need someone to sell it to. Both companies being controlled by the CEO may have the stock price being discounted by investors, but, if there is value, it doesn't mean that it won't be realized by some other means.
We shall see. I'm sure there are those that have a limit as to how much they are willing to see the stock go down and sell. There are also those that will sell at the first sign of any slowdown. As long as they overcome those things they disclosed in the last Q, and nothing else comes forward, I would think we should be okay in the long term.
Or maybe, if I just don't look these stocks anymore, it would help.
Yes, I tried the same thing, have to call a broker on ameriturd for the initial position. Ridiculous.
Yes, a positive surprise would be welcome right now. I think if we just don't have any negative surprises, that would be good too - but that's the unknown.
Get a positive SA article, and the stock still lost ground. I never thought we would see trades below $40.
Yes, a positive surprise would be welcome right now. I think if we just don't have any negative surprises, that would be good too - but that's the unknown.
Get a positive SA article, and the stock still lost ground. I never thought we would see trades below $40.