SwingTrade Member Forum

[MikeDDKing]

SPIN IMO is a potential multi-bagger. They are a medical marketing, management, billing and collection company facilitating treatment for patients who have sustained spine injuries resulting from traumatic accidents. Here are some reasons I like SPIN:

1. They have been rapidly growing earnings and have high GM. They made $0.017 in the most recent quarter and have GM of 64%. With a high GM, incremental revenue drops rapidly to the bottom line.

2. In the most recent CC they indicated that they think they will have gross revenue of $2M which is an increase of over 35% from the most recent quarter where they had gross revenue of $1.479M. Also, there were some one-time expenses in the most recent quarter so I expect expenses to go down as a percentage of revenue and possibly in absolute dollars. I'm expecting Q2 earnings in excess of $0.02/share and possibly as high as $0.03/share. Their bullish outlook was reiterated in a recent PR:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64427281

3. They are rapidly adding clinics. They had two clinics as of the beginning of 2011. They added one at the beginning of February and one in June. Furthermore, they have plans to rapidly expand their clinics as cash allows. I expect earnings and revenue to rapidly ramp up.

4. The CEO has been buying shares in the open market for some time.
http://finance.yahoo.com/q/it?s=SPIN.PK+Insider+Transactions

5. The CEO has previously run a public company that had a similar business model. That company started out on the pinksheets and uplisted.

Recently they had their first conference call (fiscal Q1'11) which I think is the best place to start your DD. They do a great job of explaining the business model and the opportunity. Here is a link:
http://spinepaininc.com/call.php

Also, the fiscal Q2'11 conference call is a good source of DD:
http://spinepaininc.com/call2.php