Access Plans Inc (fka APNC)

[MoneyMan]

Here is my pitch

Look at cash on hand, about $4 million. This is not a penny pump play. It is a real company, which just acquired Access Plans USA, a Nasdaq traded company. Only $2 mill in debt too.

Their three areas of business are all ripe for growth. The Retail Plans area will get a huge boost from the new Insurnace and Marketing that came with Access Plans. They will be good no matter what the Healthcare Reform bill looks like.

Also they are sitting about a 4 PE ratio. The float is very low since they only recently issued 8 million of the 21 million OS to Access Plans shareholders. Any buying that comes in and we will see a nice move.

The discount card business they are in is rapidly growing and there are many possible takeover candidates for ALHC. They are continueing to improve margins, and with $13 mil in revenue for the Quarter their is plenty of room for more profit.