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Replies to post #76605 on Progressive Care Inc (RXMD)
Friday, February 9, 2018
March 15th 2018 - Progressive Care (RXMD) Is The Best Stock Investment For 2018
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It is very rare to find a stock like Progressive Care (RXMD) trading at such a low level! On it's way to easily becoming a $100 MILLION dollar revenue company, Progressive Care (RXMD) is THE #1 stock to buy right now, one of the most undervalued stocks in America!
The stock has pulled back from it's recent high of 26 cents as short term profit takers sold off, this has allowed wonderful new entrance opportunities into the stock for investors. With amazing strength in it's fundamentals, Progressive Care (RXMD) is a NASDAQ calibre stock that will soon be listed on the NASDAQ, it is one of the best and safest stock investments you will ever find, you can't go wrong buying shares Progressive Care (RXMD) at this low level.
Despite any daily fluctuations the share price is going to keep moving higher to new heights! Currently trading at a deep discount under 20 cents per share, analysts believe the current fair value of the company right now should be close to a dollar plus per share, reaching multi dollars per share as it's revenues continue increasing as it expands across the nation.
Progressive Care (RXMD) has gone from generating $9 million in revenues in 2013 to $20 million in 2017, trouncing CVS, Walgreens and Rite-Aid average per store pharmacy revenues.
Progressive Care (RXMD) employs a highly successful business model of being a Healthcare Services and Technology company that provides excellent and affordable services while lowering the cost. With expansion plans across Florida and now licensed in 10 States Progressive Care (RXMD) is building a national brand!
These expansions plans are well underway, on March 2nd 2018, Progressive Care (RXMD) announced they intent to purchase another pharmacy in Palm Beach County, CEO Shital Mars stated that they have rapidly been gaining ground in Palm Beach County and this was "just the beginning of an aggressive expansion agenda that allows the Company to reach thousands of new doctors and patients" with it's outstanding and lucrative business model.
As they expand, this will easily become a $100 million plus revenue company! Progressive Care (RXMD) will continue to gain efficiencies that will enhance the bottom line, and the share price is only going to keep rising! Along with the $20 million net revenue attained in 2017, Progressive Care (RXMD) is set to achieve the gold standard for allowing institutional funds to pour into the stock as they prepare to soon release their second consecutive year of audited financials.
In fact it now appears that thus has already begun as fund managers start to pour new money into Progressive Care (RXMD). Make no mistake about it, more and more institutional investing is coming to Progressive Care (RXMD).
If ever there was a time to buy shares, it is now, institutional investing is just one of the catalysts that will continue to propel Progressive Care (RXMD) share price much higher!
Online retailer Amazon, Berkshire Hathaway and JPMorgan Chase & Co. just announced that they will form an “independent company” to improve healthcare and lower costs for their hundreds of thousands of U.S. employees.
Progressive Care's (RXMD) incredibly successful pharmaceutical business model which delivers improved healthcare at lower costs is exactly what Amazon, Berkshire Hathaway and JPMorgan Chase & Co are striving for. Amazon's entry into the healthcare space has been rumored for months, with many observers speculating the e-commerce giant might expand into retail pharmacy and battle the likes of CVS Health and Walgreens Boots Alliance.
South Florida where Progressive Care (RXMD) is based, is a hotspot for the nationwide trend of small pharmaceutical/healthcare acquisitions in this sector. This gives even more added value to Progressive Care (RXMD) who are already two steps ahead of these big players now entering the pharmaceutical/healthcare market.
Progressive Care (RXMD) is well established and positioned to rival AMAZON to become potentially one of the largest online pharmacy and healthcare services companies!
Progressive Care (RXMD) has already confirmed they are actively looking at various merger and acquisition opportunities, so it will not come as a surprise to see a major player scoop up Progressive Care (RXMD), a cash flow positive, profitable and successful company.
As mentioned earlier, Progressive Care (RXMD) is blowing away the competition, their revenue is far superior when you compare the revenue per store of the current big 3 players.
Numbers don't lie, they are screaming that Progressive Care (RXMD) is a STRONG BUY NOW! Just look at how strong Progressive Care (RXMD) is, in fact even if you added all three of these nationwide chains per store average together Progressive Care (RXMD) easily beats them all combined! Take a look:
-CVS Pharmacy Revenues average of $8.5 million per store.
-Walgreens Pharmacy Revenues average of $6.6 million per store.
-Rite Aid's Pharmacy Revenues average of $4.2 million per store.
-Progressive Care (RXMD) revenues were $20.1M in 2017 and are forecast to bring in around $22-25 million this year EVEN without any expansion or merger or acquisition!
Progressive Care (RXMD) has one of the State of Florida's leading pharmaceutical compounders on it's staff allowing it to prepare medications tailored to meet individual patients needs.
Progressive Care (RXMD) is also in the forefront of researching the development and application of compounding Pharmaceutical and over the counter drugs based on Cannabis.
Progressive Care (RXMD) have a dedicated R&D department working on these products in house. Researchers have used their understanding of how the brain processes cannabinoids to develop drugs which follow the same pathways but work differently than marijuana. CBD, or cannabidiol, is a compound in marijuana that offers many benefits without any high.
On February 27th 2018, in an investor communication Progressive Care (RXMD) reported positive results on their CBD/Hemp Compound R&D product and stated they are now in talks with CBD manufacturers for future production needs. (HEMP is for hats. Only whole plant if you want to do this right. Need proper medical marijuana laws in FL)
The company is very excited about this new revenue stream with good reason.
There is a huge ever growing market for their product. Forbes reported that the CBD market will grow to a $2.1 billion market in consumer sales by 2020. With this market growing in leaps and bounds Progressive Care (RXMD) revenues are forecast to skyrocket!
The added value here is that this product does not have to be in a prescription drug format, It can be sold in over the counter compound formula's allowing easier access to this type of product while generating huge new revenue streams for Progressive Care (RXMD).
CBD appears to be helpful for many health conditions, including epilepsy, anxiety, chronic pain, and more. Doctors are generally supportive of CBD because it has very few side effects.
In a recent interview CEO Shital Mars stated "we are at the beginning, we are at the cusp of something great."
Before I invest in any stock I'm looking for 3 things in the CEO, intelligence, energy and integrity. If they don't have the last one, don't even bother with the first two.
CEO Shitak Mars is outstanding and has all 3 qualities that allow me to sleep soundly at night knowing that my investment is very safe!
Clearly Progressive Care (RXMD) business model is setting the standard for the pharmaceutical and healthcare sector, once again CVS,Walgreens and Rite Aid don't even come close!
Progressive Care (RXMD) ALSO just reported they had broken another record, they announced a record breaking month for January 2018!
\Progressive Care (RXMD) filled over 23,000 prescriptions during the month of January, generating $1.8 million in net revenues. Prescriptions filled increased by 34% compared to the same month last year and by 10% over the last record breaking month in October 2017. Revenues increased by approximately 9% as compared to January 2017. The company also filled over $450,000 worth of prescriptions (not included in Net Revenues) for 340B entities in January, generating fees to the pharmacy of just over $20,000.
Progressive Care (RXMD) is growing faster and faster every year, the CEO Shital Mars has stated they are successfully executing their game plan with the goal of to uplisting to the NASDAQ, it now appears that moving to the NASDAQ is not a matter of IF but WHEN. With the share price currently under 20 cents a share RXMD is without doubt one of the most undervalued stocks in America!
On February 15th 2018 Progressive Care (RXMD) announced that its retail pharmacy will officially begin accepting Bitcoin payments. Customers that choose to pay using Bitcoin will undergo a similar payment process as customers using credit cards or online payment processing platforms such as Paypal. Progressive Care (RXMD) continues evolving both operationally and technologically making it one of the few pharmacies in the country enabling systems for cryptocurrency acceptance.
Progressive Care (RXMD) will use external payment providers, such as BitPay, to process all Bitcoin payments. BitPay compliance analysts approved the pharmacy for Tier 2 volume processing limit on February 14, 2018. Tier 2 provides daily cash settlements in USD and has a $500,000 annual limit. This will allow the pharmacy to reach more customers who are increasingly using cryptocurrencies for daily purchases.
More Progressive Care (RXMD) HIGHLIGHTS
Progressive Care (RXMD) through its 100% owned subsidiaries PharmCo and Smart Medical Alliance has quickly become one one of South Florida's leading Health Services organisations.
Progressive Care (RXMD) is so successful and here is why. They have created the next generation of pharmacy care. Rite-Aid, Walgreens and CVS don't even come close!
Progressive Care (RXMD) go above and beyond customers needs, constantly staying in touch with the patients doctor, they will even have a pharmacy specialist come to the patients home to help organize and explain their prescriptions.
They provide free on time same day deliveries available twice a day with 24 hour emergency support . They offer language assistance in English, Spanish, French, Creole, Portuguese, Russian, and Hebrew. They also provide home medical equipment and specialized medicines for HIV/Aids, HEP C and Cancer Medications!
Progressive Care (RXMD) business model also allows patients who live in retirement age communities and who may be unable or not want to physically go to the pharmacy to be able to conduct their pharmaceutical transactions via telemedicine with the pharmacy. It's cutting edge but has received critical acclaim and the new record revenues reflect it.
Perhaps best of all Progressive Care (RXMD) is on the forefront of cutting new blockchain technology enabling unbreakable security for the application of recording medical records, prescriptions and other records. Blockchain technology is new to the medical sector but is fast becoming the trend and a must-have tool for healthcare industry.
In 2017 Progressive Care (RXMD) appointed a new independent member to it's Board Of Directors, Oleg Firer, who is leads the very successful NASDAQ traded Blockchain company Net Element (NETE). His expertise in this field can only further benefit Progressive Care (RXMD) giving it added value.
Progressive Care (RXMD) is rated among the top 10% of all Pharmaceutic Benefit Networks in the NATION, Progressive Care (RXMD) is right there with the big players and a major buyout target in the State of Florida.
RXMD 2017 revenues hit over $20 million (NEW RECORD) and filled approximately 225000 prescriptions!
Continued month over month, quarter over quarter new record revenues are forecast in 2018 as RXMD begins opening more of it's Pharmacy Resource Centers in retirement and long term care communities, like the one just opened in Pembroke Pines, a community of over 15,000 retirement age residents in South Florida.
In 2018 RXMD is now projected to achieve filling a whopping 25,000 prescriptions per month.
RXMD is expanding across Florida into Palm Beach County and has continued working on a nationwide strategy of mergers and acquisition as it builds a brand across America. It has been compared to and called the NEW and IMPROVED Rite Aid.
RXMD is extremely undervalued compared to hundreds of listed companies in this sector. It's very rare to find such an undervalued stock trading at this level!
RXMD is setting NEW record revenues, exponential growth is happening and is forecast to continue and increase as expansion occurs.
- In December 2017 RXMD released an official PR stating that 2017 was finishing very strongly. Look for more record revenues coming!
-For the nine months ended September 30, 2017, RXMD increased overall net revenues to approximately $15.1 million, a 14% increase over the same period in 2016
-For the 3rd quarter of 2017 RXMD reported net revenues of $5.87 million, an increase of 5% or $259,000 from Q3 2016
-In November 2017 alone RXMD recorded $1.7 Million in revenues from filling 21,000 Prescriptions for that month!
-RXMD has over $2.4 MILLION in assets
-RXMD has slashed it's debt and has a VERY STRONG BALANCE SHEET!
-CEO is committed to building shareholder value and recently retired 1.7 million common shares
-CEO says that expansion plans are happening now, RXMD is already licensed in 10 states and in the process of getting licensed in additional states in as it builds a national brand
-In December 2017 RXMD uplisted to the OTCQB. The NASDAQ uplisting will be next as the company actively courts institutional investors!
BUT IT GETS EVEN BETTER
-Progressive Care (RXMD) has been awarded a 5-Star Rating based on the ratings provided by various insurance carriers. With this stellar rating Progressive Care (RXMD) is in some amazing company!
-Rated among the top 10% of all Pharmaceutic Benefit Networks in the NATION Progressive Care (RXMD) is right there with the big players and a major buyout target in the State of Florida.
-With the sector becoming increasingly competitive
larger players are scooping up smaller successful pharmaceutical chains. Both CVS and Walgreens are very active in the acquisition arena.
-Will Progressive Care (RXMD) be acquired by CVS or Walgreens?
As Progressive Care (RXMD) success continues the potential for it to be acquired by a larger player in the industry is significant!
RXMD has an outstanding and talented leadership led by CEO Shital Mars.
The CEO has no comment on if the company has been approached by CVS who recently acquired Navarro Discount pharmacy chain as it extends it's reach into the Hispanic sector in South Florida AND who along with Walgreens are aggressively buying up smaller successful chains to gain their market sector!
The CEO recently stated in December 2017 that she anticipated that there would be more consolidation in the sector as health regulations tightened. This bodes well for Progressive Care (RXMD) who now have Doctors, Hospitals and Medical Centers constantly switching to them, sending them their patients for their prescription and specialized medicines knowing that RXMD staff is highly trained and in compliance with all the strict regulations.
This means that Doctors, Hospitals and Medical centers can count upon themselves receiving excellent ratings in the medical field and meet the strict new standards! RXMD of course is a HUGE winner in this, more revenues and more expansion as their outstanding reputation spreads!
Apart from it's excellent revenue growth what make Progressive Care (RXMD) even more attractive with added value is that it is more than a traditional retail pharmacy, they also work with leading Hospitals, Medical centers and Doctors in South Florida providing: Healthcare Services, Medical Equipment and RXMD also sets itself apart by providing Specialized medicines for HIV/Aids, HEP C and Cancer Medications!
-RXMD also recently appointed Oleg Firer. to the Board of Directors.
This is a HUGE STRONG BUY NOW signal if ever there was one apart from all the other amazing things going on with Progressive Care (RXMD)
Oleg Firer is regarded as one of Florida most successful businessman and a Wall Street heavy hitter. He takes companies like Progressive Care (RXMD) to the next level.
Check out these awesome recognitions he has received!
-recognized by Forbes as one of the 5 Incredible Entrepreneurs
recognized by Business Leader Magazine as Top Entrepreneur in South Florida
-named by Poder Magazine as one of the Most Influential People in Miami
-recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Under his leadership, Unified Payments' revenues grew by 23,646% over a 3-year period
Summary
Progressive Care (RXMD) currently employs over 60 people and is growing faster and faster every year!
It is a growth stock, a booming real business with real revenues providing a real service in the communities it services. With record sales, a small share structure, audited financials and a transparent management committed to building shareholder value Progressive Care (RXMD) it is one of America's most undervalued stocks.
With new revenues records being set year over year, now is the time to buy shares of this overlooked stock while it is at a deep discount before the market catches up and this window of opportunity closes!
Insiders own a huge percentage of the outstanding shares and are committed to making the company a national brand!
Progressive Care (RXMD) is a rare find and without doubt one of the best investments for 2018 and THE stock to buy now! Soon the share price will start to catch up with the revenues. Follow the insiders, they know what's coming! Do not get left behind!
More About Progressive Care (RXMD):
Through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and a leading regional provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of antiretroviral medications and related medication therapy management, utilization management, quality assurance, billing and coding, health practice risk management, and the supplier of prescription medications to long term care facilities.
