Have Sold out of My shares of ASRG.OB This week. Can't resist taking these kind of profits in less then a month, Hence I hit the sell button. Time to raise even more cash. Just my opinion.
That didn't take long. ASRG is now up 195% from entry!
Posted by: MikeDDKing Date: Tuesday, October 06, 2009 2:41:23 PM In reply to: MikeDDKing who wrote msg# 210360 Post # of 212798
ASRG is the latest addition to the SwingTrade Board Favorites and is a good candidate for a multi-bagger from the entry price of $1.3528. They are a rapidly growing surgical assistant staffing firm. Here are some reasons why I like ASRG:
- They have increased revenue sequentially for at least the last 5 quarters and are planing further expansion. Here is a quote from the Q2'09 10-Q: "We market our services to hospitals, surgeons and healthcare facilities. Presently, we provide service in Houston and Corpus Christi, Texas, Lawton, Oklahoma and Suffolk, Virginia. We plan to extend our services to other healthcare facilities in Texas and ultimately, we plan to offer our services throughout the United States."
- Earnings have been growing too with diluted EPS of $0.095 in the most recent quarter. That makes it cheap compared to the last trade of $1.93.
- ASRG has high gross margins. In the most recent quarter their gross margins were 68%. With gross margins this high, their rapidly increasing revenue quickly drops to the bottom line.
- ASRG has a pristine balance sheet. They have book value of $0.31/share. That includes cash of $0.19/share. They paid off their remaining debt in the most recent quarter and are now debt free.
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