UCIA DD....
I've been buying UCIA recently. They reported earnings of $0.12/share for the most recent quarter. They seem like a great candidate for a 50-100% move in the next few months. They provide medical management services to medical centers. Here is why I like them:
1. They reported earnings of $0.12/share for their fiscal Q4 ending September 30, 2009 and last traded at $2.55. They are very cheap on a PE basis. They are trading at a trailing PE of 8 and I think a 5-6 forward PE.
2. The next two quarters ending December 31, 2009 and March 31, 2009 are seasonally stronger. I'm expecting better numbers in both quarters and I think it is possible that they report $0.20 in the March quarter.
3. They have a very solid balance sheet with BV of $1.76/share and cash of $0.28/share.
4. They have a very low float of roughly 1.6M shares.
5. They are currently trading on the pinksheets as they fell behind on their filings because the former CFO was stealing from them. They have cleaned up the mess from the former CFO and are just about caught up on their SEC filings. I would expect an uplisting in the future.
6. I expect that we see fiscal Q1 and Q2 reports within the next month. Therefore, there are very near term catalysts for this stock.
Mike
SwingTrade is my favorite board - #board-1781
Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.
