Access Plans Inc (fka APNC)

[MoneyMan]

Thoughts on conference call.

The thing that sticks out is the shifting from major medical to supplemental in the Insurance Marketing division. I would really like to see big name companies added to their list. I expect we will see a few coming. Because it does no good to put emphasis on selling supplemental if the carriers they are selling are not also ramping up sales and making a big push to capitalize on this opportunity the healthcare bill provides to the supplemental industry.

Also the fact they are very close to offering a second product at rent to own stores is huge. If after every purchase the customer is offered a supplemental insurance plan, you could see a big increase in revenue.

It does sound as if M&A is a possibility at any time.

We need a catalyst the market sees as a big revenue grower. Maybe a deal with a large association to provide benefits, or coming together with a large nationally known carrier to sell their products and the carrier acknowledging the relationship in some form.

We also need more press releases throughout the quarters. I feel uncertain every earnings release because of ZERO news flow. Everytime they add a carrier, they should PR it. Every customer signed in retail plans should be the same. Not sure they are scared of them.