eHealth, Inc (EHTH)

[VortMax]

at least $50 per share here

new ASC 606 will take their $160M annual expense and spread over 36 months reducing quarterly expenses from $40M to about $13M and revenue will be booked all at once per enrollment should do 100,000 new Medicare at least in 2018 or $100M rev and another $100M rev from all other segments so $200M rev and $40M expense 2018. Cashflow should be positive $10M 2018, $30M 2019, $50M 2020.

new acquisition valued up to $50M for 26k medicare book (medsup book is about $3.5M pure profit per year acquired will pay about 5 years thus the $20M acq cost but then integrate their tech and expand this book next 2 years extra $30M)

EHTH now has 400K medicare book which would then be up to $800M discount 25% of book in the past so $600M

IFP market still worth $100M here( could get back to pre ACA with marketing) (who would use Healthcare.gov when you can get the same $0 to $75 per month subdizied plan from EHTH and also get an indemnity/gap plan from EHTH to cover up the huge deductible on many of these subsidized plans. Literally every Subsidized at Healthcare.gov should buy that plan at EHTH and pick up an guaranteed issue indemnity for $25 per month and about double the commission to EHTH. Equate this to Toggling on travel insurance when purchasing your flight/trip online.

New Packages product worth $150M+ (7700 sold for starters $150 per month each is $14M rev and $3M profit big margins on this stuff and will easily quadruple enrollment in a year or 2.

Small Group worth $100M here

Total is $1050M