I'm surprised this one didn't get a pop last week to at least the .40's. Q2 earnings from cont. operations of .016/share was a big increase vs. last year. Also up from the .01/share they earned from cont. operations in Q1. They sold an unprofitable center in March so the earnings could be sustainable.
The 10Q said they anticipate further revenue increases and to remain profitable. But there was also a comment about not being sure if they'd be profitable for the year. Doesn't make much sense considering the strong first half numbers. Hopefully they're just being overly cautious. The same comment also appeared in the May 10Q and they had no problems in Q2.
Seems to be a turnaround underway with MRDG performing better on the bottom line than it has in many quarters. Not much revenue growth and a weak balance sheet, but company should have another favorable comp in Q3. If they post Q3 earnings of .02/share, stock should trade a lot higher than its current price of .33.
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