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Thanks, Frank. Can't knock your assumptions, especially since you are one of the few people that will actually take the effort to call the company, and look at overly conservative numbers to make your point.
I hope they execute well on the lien services. Just don't see people stepping up to buy, and maybe like someone said, we're stuck looking at this through a two year lens.
Not much we can do, after all the bravado of people screaming what a great deal this is and how much they were going to buy, there is now a dearth of bids that I hope that I or other shareholders don't need money anytime soon. It's just not a good feeling to go to sleep with if you know what I mean.
Very true. I think the positives outweigh the newly disclosed items, not to mention all the other +++++'s that are wrapped up in this gem. Buyers welcome :)
Huck, I agree. It looks like there are two issues, the loss of the 14% revenue customer, and second, the uncertainty of the overflow business. But it seems they gained a client, and nothing says that growth won't continue looking out to 2015. Plus all the other positives that have been posted here so many times before could attract a lot of value buyers, and there are just so many shares available for sale.
I still think this is one of the best companies I've ever found, but like everything, it all comes down to price.
Been thinking about that since 4PM myself. I came to the same conclusion that RAW has, growth exceeds the loss of the one customer.
My concern is this:
Starting in March 2014, we began providing professional utilization review services for a third-party partner, in order to assist them with their increasing volume. We were able to assist the third-party partner to reduce their backlog. At this time we have no means to predict the quantity of overflow business we will continue to receive from this partner in the remaining months of 2014 and for the year 2015. There are no assurances that the overflow business to us will continue at the same level realized during the nine-month period ended September 30, 2014.
UR is a big part of their business, and it doesn't specify how much this third-party partner contributed to their growth in the past two quarters. It also doesn't mean that it will decline, it's just that we don't know and it is the first time that I saw it disclosed.
The earnings were really nice for the quarter, and even if they achieve only half the growth they had in the past quarters, you can make the argument that there is good value at these prices. We'll find out tomorrow if the earnings give this a boost.
Nope. Was hoping to talk to the bid dog but wasn't to be. Still think this is a deeply discounted value play. Hope to see the 10Q for any info that is in that.
That's not good to hear. I wonder why they are public and reporting if they are not going to at least talk to shareholders? Why not just buy us out or something??? Thanks for the info, I'll call them tomorrow.
Still looking for clues myself, and can't figure the price. So tempted to triple down.
I appreciate that post. I do agree with you on several things, the US healthcare system isn't the best in the world, ranking about 13th in developed nations. The fact that people here can go completely bankrupt with just a short stay, the crazy prices on medical care where in other countries the same procedure costs a tenth of what they do here, not to mention drug prices, and the countless people who have no healthcare at all, is appalling to me.
If you do a survey of people in the US, they rate the healthcare system with about an 80% approval rate. Ask people that have USED our healthcare system, and the approval rate is well below 50%. Somehow, it needs to be fixed. Good luck to you as well
J.
I never said they should be outlawed, and not only think they are valuable, I also support several. But to assume that they are more efficient is a fallacy. I am not totally opposed to your supposition that certain healthcare needs could and should be provided by government service organizations, such as vaccinations for everyone free of charge, and am appalled by some gouging by for profits. But to think that the government or non-profits are good stewards of their capital is not accurate. Just as there are good and bad business, there are good and bad charities.
I think there are several here that have said that the CEO doesn't pay himself a large salary, and I don't see where he is doing any inside deals or even offers a stock option plan. Compare that to almost every other company and it doesn't compare. There are plenty of companies you can choose to lampoon, but this is not one of them. The companies that hire PFHO are looking to keep costs down, so that employees won't take advantage of their disabilities, like some have done in well publicly noted instances like the NYPD and NYRR (oh which are not for profits, right?). If PFHO didn't provide value to their clients, thus providing value to shareholders, it would go out of business. None profits can stay in business as long as they have their hands out. They don't need to register with the SEC to get funding and are rarely held accountable. And Medicare (which I think is a valuable service) is rife with fraud and abuse.
Take on high costs of medical care in both public and private areas, I agree with you on that. PFHO though is the very last company you should complain about, unless you are so jealous over the profits people here have made that you can't see straight.
Oh, you think non-profits do a better job? Just ask anyone who dealt with the Red Cross after Sandy and see how well they did. Oh, and maybe you might want to look at some of the outrageous salaries of your beloved non-profits, story after story of crazy salaries and stupid expenditures. At least PFHO answers to shareholders, and have done a great job of keeping expenses low. There are many non-profits that perform more fund raising than actually spend money to help. Nice fairy tale.
Little bump today. Long term, confident, short term, bewildered. I guess now it's just a matter of who will come along that sees things like a few of us value hunters. 10Q I think will add some color I hope.
The CEO has sold some before, but only 1000 or so at a time. I don't know if there are limits if the CEO wanted to sell more or not. If I were the CEO, I wouldn't dump wholesale, but then again, everyone needs to make their own decisions as to what makes sense to their financial needs.
I look at whether the company shares are cheap no matter who holds them. I think they are very cheap, unless someone can point out why they are not. Both on book value, sales per share, EPS, and growth rate, a single digit price doesn't seem at all appropriate. I could be wrong, but I would like to know what I'm missing here.
Huck, if I weren't catching a plane right now, I'd look into that. I believe they do release the SEC reports sometimes a while after they release earnings. Maybe that will clear things up too. I have never seen a stock with great earnings get cut in half in one day to a P/E of like 4 or 5? What's the mentality of that?
I too am completely bewildered by this drop. You can buy out the entire float for about $1/2 a million dollars. But other than that, the growth is incredible and look at the revenue and earnings growth.
Who would dump this at sub $5? I imagined a $10 jump, not drop when those earnings came out. Good luck with your purchases. I'm truly baffled, and hold a bunch myself.
Very true. Seems everyone is so short sighted and sell on any type of news. I am still baffled that so much stock would just be dumped at any price. Any analysis of the company would say that this is grossly undervalued, but the market is the market. I for one am not giving away my shares.
Funny thing about stocks, when there seems to be a huge buying opportunity, no body does. Not worried here, the growth and earnings are too big for many to ignore I think.
Why would anyone sell a stock at 7 when it earned more than $1 eps, and is continuing to grow? I understand sell on the news, but that move yesterday was just bananas. Half the float changed hands too. Someone had a panic attack, why?
HOLY CRAP! Someone got a great deal yesterday, and those earnings are eye popping! Better than I even expected!
WHY ARE YOU HERE? WHY DO YOU CARE? You have been here trying to scare people and you have the nerve to say that the price is being manipulated? I think you are doing more manipulation than anyone. Or were you just trying to talk the stock down so you could buy it on the cheep. No matter, you add nothing of value.
A PFHO dividend would be a game changer. It would increase the CEO's take home, and put a floor under the stock. I hope they consider it.
Sounds like a great sign! Must be plenty of business out there.
Wait for it... wait for it... then boom will go the dynamite :)
I think earnings will be a big catalyst. $20 anyone?
EACO = What bear market?? LOL! This is great!
I agree, agree, agree!
Great! Good luck to us both. With about 80k in the float, we're in an ultra unique club.
It will be this quarter. Last Q was May 31, 2014. In that Q:
n March 2014, the Company entered into an agreement to sell the Sylmar Properties. As such, the associated land, buildings and improvements and related liabilities were reclassified as assets held for sale and liabilities held for sale, respectively, on the accompanying consolidated balance sheets as of May 31, 2014 and August 31, 2013. In June 2014, the Company completed the sale of the Sylmar Properties for $9,125,000 in cash and paid the related mortgage off in full.
Assets available for sale: $7,483,000 on the balance sheet. I would assume the difference would be the gain on the asset. The liabilities which I assume was the mortgage and paid off, thus the difference from that and cash received less closing costs if not included in that $9,125,000. would be added to the cash balance. If you don't agree, let me know. I didn't buy this stock for a one quarter non-recurring gain, I just like the value here, and that is a nice kicker. I was surprised to see someone also follow it on SA, and that person seems to have come to the same conclusion (and no, I didn't write it).
EACO might be a kin to PFHO in the good days. Nicely done again today. Always nice to know that a good earnings report might be in store.
Thanks, seems the SA author agrees with what I've seen.
I really think if this gets some traction, $25 - $35++ is in the cards, perhaps even by the end of the year. Just my random thoughts.
You can't buy PFHO or EACO if you don't have at least a 6 month to year commitment.
With both stocks, there are just so many shares that can be sold. My hope on both would be another company looking to buy them or partner in a big way.
EACO - Seeking Alpha helped this obscure stock.
http://seekingalpha.com/article/2528155-eaco-corporation-an-overlooked-microcap-thats-a-mega-opportunity
NICE article on Seeking Alpha today! To add to those points, cleaning up the balance sheet with gains makes the company streamlined for acquisitions or to be acquired. Value here is very compelling IMO.
Good for you! Someone that acts and puts their money where their mouth is. Few realize that stocks are subject to supply and demand, and well performing companies have share price set backs for no corporate reason other than someone selling for whatever reason they have. The supply of shares is very limited compared to almost any other stock you can find. Hope the nervous ones gone.
PFHO had silly sales sub $50 IMO. As you said, Level 2 looks like only one market maker with offers anywhere near this. Maybe someone made an emotional decision to sell when it broke 50?
Bullish is right! New high at $12, and still a stinkin' low P/E.
The selling won't last. Love PFHO and EACO, at least one was up.
Large drops usually get the attention of bargain hunters. Sometimes it takes that to get attention. Now selling less than what the CEO bought it for, and a very reasonable TTM P/E of around 27, less if you extrapolate last Qtrs earnings, and even less if you price in growth.
Agreed. The P/E is now too low factoring in growth. Should be a nice ride from here I think!
Today was a nice start. Let's see if $60++ isn't in the cards.
Wow, if people read the 10Q, even though this quarter was a loss, it sounded to me like the future would be better? Lots of red, but maybe time do double down. GLTA