Progressive Care Inc (RXMD)

[Spider Web]

THE LAST GASP

Growth Is Not As Expected
So far this year they are averaging 792 fewer scripts per month, compared to all of last year. And granted, they are averaging 500 more scripts per month "so far" this year, because the volume should always be creeping somewhat higher. But the overall yearly growth is still viewed to be far below implied expectations.

Talking a good game is measuring out to be meaningless. The company is no where near averaging 18K scripts per month, let alone 20K. And let alone, that recent outlandish teaser of 25K !

As the costs of overhead, product, and inflation increases, those cost will be transferred and absorbed thru price increases. Therefore, showing an increase in Revenues. But keeping the Net Income at a flat rate throughout the year! Again, showing slower growth than what was implied. They have talked-the-talk, but have yet to walk-the-walk.


Playing Another Round
If you are a Trader, you picked up at the 50-LBB, and already sold at the top of the Wedge / Triangle. Heading back to the low 17's now... And then lower still, imo.

The players are done for the day. The rest will just watch the slow grind back down. That's all this stock has right now, just Players. There are no Investors.


Sorry !