Anyone buying FONR around $10.70? Looks pretty cheap. Earnings last quarter not as strong as we hoped. But maybe there's some seasonality here as earnings in the March quarter last year also saw a dip. Guessing the harsh winter weather makes it harder for people to get to the scanning center.
CEO sounded more upbeat in the recent earnings PR. Said cuts in MRI reimbursements from Obamacare have subsided. And I like the strategy of increasing their % ownership in Health Diagnostic Management LLC. Supposed to boost their earnings, altho didn't seem to have much of an impact last quarter.
Tough comps coming up. But would think if they continue to crank out earnings of .30-.40/share every quarter, stock will eventually see another run from the $10's.
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