Digipath
CHM Cannabis
Home > Boards > US OTC > Medical - Healthcare > Progressive Care, Inc. (RXMD)

How RXMD is going to get to $1

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
MoneyForNuthin Member Profile
Member Level 
Followed By 153
Posts 1,552
Boards Moderated 0
Alias Born 06/16/15
160x600 placeholder
Progressive Care Inc. Announces Record-Breaking November 2018 InvestorsHub NewsWire - 12/12/2018 8:28:35 AM
Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual Revenue InvestorsHub NewsWire - 11/28/2018 8:00:00 AM
Progressive Care Inc. Announces Record-Breaking October 2018 InvestorsHub NewsWire - 11/20/2018 4:33:06 PM
Progressive Care Inc. Reports Best Nine-Month Revenue Period in Company History in Q3 2018 Financial Filing InvestorsHub NewsWire - 11/15/2018 8:00:00 AM
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Proprietary Tele-Pharmacy InvestorsHub NewsWire - 11/6/2018 8:00:00 AM
Progressive Care Inc. CEO to Speak at 5th Annual Florida Telehealth Summit in St. Pete Beach, Florida InvestorsHub NewsWire - 11/1/2018 8:00:00 AM
Progressive Care Enters into Definitive Agreements to Purchase Property for Third Pharmacy Location in South Florida InvestorsHub NewsWire - 10/30/2018 8:00:00 AM
Progressive Care Inc. Announces Beta Launch of New Proprietary Tele-PharmCo Software Platform for Real-Time InvestorsHub NewsWire - 10/18/2018 8:00:00 AM
Progressive Care Inc. Announces 40% Year-Over-Year Increase in Prescriptions Filled and Continued Strong Revenues in September InvestorsHub NewsWire - 10/16/2018 8:00:00 AM
Progressive Care Inc. Announces Record Number of Prescriptions Filled and Strong Revenues During August 2018 InvestorsHub NewsWire - 9/18/2018 8:00:00 AM
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Efforts to Battle Opioid InvestorsHub NewsWire - 9/13/2018 9:47:41 AM
Progressive Care Announces Newly Redesigned Website for Wholly-Owned Subsidiary PharmCo, LLC InvestorsHub NewsWire - 9/10/2018 8:00:00 AM
S. Parikh Mars, CEO of Progressive Care Inc., is Featured in a New Audio Interview with SmallCapVoice.com InvestorsHub NewsWire - 8/29/2018 8:00:00 AM
Progressive Care Inc. Earns International Media Coverage in Top Industry Outlets on Its Healthcare Technology Expertise InvestorsHub NewsWire - 8/28/2018 11:05:26 AM
Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc. InvestorsHub NewsWire - 8/22/2018 8:00:00 AM
Progressive Care Inc. Reports 47% Increase in Prescriptions Filled During July 2018 MIAMI August 21, 2018 Progressive Care InvestorsHub NewsWire - 8/21/2018 8:00:00 AM
Progressive Care Inc. Reports Largest Six-Month Revenue Period in Company History in Q2 2018 Financial Filing InvestorsHub NewsWire - 8/14/2018 8:00:00 AM
Progressive Care Announces Pay-Off of Note to Chicago Venture Partners InvestorsHub NewsWire - 8/9/2018 8:00:00 AM
Progressive Care to Host Conference Call on Second Quarter 2018 Financial Results and Business Update on Aug. 14 InvestorsHub NewsWire - 8/7/2018 8:00:00 AM
Progressive Care Earns Coveted LegitScript Certification Verifying PharmCo Pharmacy is Safe and Credible Online Health Resource InvestorsHub NewsWire - 8/1/2018 8:00:00 AM
Progressive Care Subsidiary PharmCo Partners with Westchester General Hospital to Implement New DischargeRx Program InvestorsHub NewsWire - 7/26/2018 8:00:00 AM
Progressive Care Signs Two New 340B Contracts to Bring Discounted Prescription Programs to Non-Profit Healthcare Institutions InvestorsHub NewsWire - 7/19/2018 8:00:00 AM
Progressive Care Inc. Announces Month-End Sales Figures Showing Increase in Year-Over-Year Prescriptions Filled in June 2018 InvestorsHub NewsWire - 7/17/2018 3:02:16 PM
Progressive Care Launches New DischargeRX Program to Improve Engagement Between Patients and Hospitals InvestorsHub NewsWire - 7/13/2018 6:20:29 PM
S. Parikh Mars, CEO of Progressive Care, Discusses Recent Company and Industry News in New Audio Interview with SmallCapVoice InvestorsHub NewsWire - 7/3/2018 4:27:48 PM
MoneyForNuthin Member Level  Monday, 01/25/16 10:33:32 AM
Re: None
Post # of 106853 
How RXMD is going to get to $1

This is a 40x improvement over today's ~$0.025 share price. Do I think it will happen this year? Though some believe it's possible, I wouldn't bet the farm on it. Do I think it's very possible within the next 3-5 years? Absolutely! Here's how and why...

First, Progressive Care, Inc. (RXMD) is clearly undervalued, but the pps is correcting and will be reaching upward for 0.10+ before you know it. Organic growth and a handful of acquisitions - simply executing the strategic plan - will do the rest. I see RXMD as a serious buyout target in 2-3 years!

Large national pharmacy companies are fending off competition from mail-order prescription discounters, online pharmacies, wholesale retailers such as Costco and health clinics, among others:

  • Dec 16, 2015 - CVS Health Corporation (NYSE:CVS) and Target Corporation (NYSE:TGT) announced today that CVS Health has completed the acquisition of Target's pharmacy and clinic businesses for approximately $1.9 billion.

  • Oct 28, 2015 - Walgreens said on Tuesday that it will buy rival Rite Aid in a $17.2 billion deal that would whittle the nation's one-time mom-and-pop drug-store industry into two massive chains. Walgreens Boots Alliance, which operates the namesake drug store chain, said it is paying $9 per share in cash in a valuation that includes the assumption of debt. That reflects a 48% premium above Rite Aid's value at the close of trading Monday.

  • Aug 19, 2015 - CVS Health Corp. (CVS - Analyst Report) has completed the acquisition of Ohio-based pharmacy services provider, Omnicare, for $12.7 billion, including a debt of $2.3 billion, well ahead of time. The buyout reflects the company’s foray into a new pharmacy distribution channel – the long-term specialty care market.

  • From a 2010 article:
    Omnicare has a rich history of growth through acquisitions, which has made it a dominant player in the industry. The company boasts a reasonably sound balance sheet and is well positioned with healthy cash flow, which it can use for further acquisitions, debt repayments and share repurchases. Omnicare is pursuing an aggressive acquisition strategy in fiscal 2010. The company agreed to buy institutional pharmacy businesses in July 2010 and is also in advanced negotiations for other acquisitions.


While the goliaths have been hammering away at acquisitions and consolidation in the broader pharmacy retail sales and services markets to maximize commodity-type margins, Progressive Care, Inc. (RXMD) has been quietly whittling away at a health services business model that focuses on a small but substantial piece of the very large pie. This piece of pie, however, concentrates on high-margin revenue derived from medications and services for an underserved segment of the market. Progressive Care specializes in the care and management of patients with special needs, long-term care needs, and including medications for infectious diseases.

As stated in the Open Letter to Shareholders, Progressive Care will continue to strengthen the successful PharmCo model by "adding business elements that cater to specific under-served markets and demographics." In doing so, Progressive Care raises the bar, creating a steeper barrier to entry for regional competition in existing markets. For example, Progressive Care will add a "closed-door pharmacy facility" to the existing PharmCo operation this year. It seems likely that this will be a nearby (near the existing PharmCo site) satellite pharmacy operation embedded in a long-term care or other health services facility in one of the underserved markets/demographics of focus.

As also stated in the Open Letter to Shareholders, Progressive Care "will also look for opportunities to expand the pharmacy through establishing new locations or through mergers/acquisitions with similarly positioned independent pharmacies," and "will seek licensures in additional states in order to begin positioning PharmCo as a national brand."

Progressive Care, Inc. (RXMD) has it in the game plan to grow revenue organically and to expand into other markets nationally through acquisitions.

The goliaths have it in their game plan to continue increasing shareholder value - indefinitely. As the pending market consolidation in the major pharmacy store and services sector is nearing completion, these companies will look to the next opportunities, especially those that offer higher gross margins. They will not be able to do this organically through existing infrastructure, as the services are much more specialized than what a discount pharmacy operation can profitably support. That is, it's simply not a good product mix. The only way they will be able to continue improving shareholder value at their historic rates is through acquisitions.

If you're trading on the OTCBB and you're new to RXMD, it would be a very smart move IMO to diversify your "investments" and take 10-20% of your funds and get a starting position in this stock for the long-haul growth toward this 40-50-60x gain opportunity over 3-5-7 years. Add when you can on any dips and stay long, and use other funds for flipping other penny stocks if that's something that appeals to you. Wanna retire young? This is a road map that's easy to read.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist