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Re: None

Monday, 04/18/2016 10:49:54 AM

Monday, April 18, 2016 10:49:54 AM

Post# of 194827
ASK $0.0405

Our analysis indicates a fair value estimate of $0.10 per share (detailed on pages 9-10) for Progressive Care. We see the company as an intriguing speculative growth story in a strategic area of the healthcare sector, with strong recent results and a chance to begin generating cash flow as soon as this year. If achieved, the price target of $0.10 represents potential upside of 200% from the recent price of $0.04 and a potential Enterprise Value of $33.7mn, which we see as appropriate for a company growing at double digit organic growth rates with $16mn in sales in FY16E and several potential additional catalysts ahead.


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