WHY I'm Staying Long on RXMD
1. The numbers: Growing, organic revenue, relatively few employees. Debt, sure, but growth to show for it and cash besides.
2. The facilities: Beautiful storefront, great location, highly efficient. They are pharmacists selling medications. There is no "As Seen on TV" nonsense going on here.
3. The workspace: Functional, comfortable, but not extravagant.
4. The CEO: A CEO who is willing to work out of a garage with 10 mill in his pocket? Who is willing to meet his customers where they are (and let's not pretend we don't know what that entails)... that's my kind of CEO. I want that man on my team. Sure, you can talk shares and mystical accounting, but what is your vision, and just how badly do you want it? Because if the CEO doesn't have it, nobody else will provide it.
5. Have you noticed their vehicles? Miamians have.
6. If I were a patient in an area they serviced, I would use them preferentially. This should be #1.
Yes, the numbers matter... but the numbers don't show a distressed company. They have the cash to maneuver. They have an experienced CEO with a concrete vision, they have an aging population who expect more, who expect better, who will seek it out and find it in their company.
As an investor, I don't LIKE pharma, I don't HOLD Pharma, I occasionally flip it, but I think we have something different here. RXMD is going to stay on my books until they are acquired or evicted.