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hweb2

05/12/05 10:39 AM

#11338 RE: Bobwins #11323

Bob, re WHAI

I also thought they had a good report. If that other income of $1.3M was a 1-time thing, earnings would have only been .05/share. Balance sheet is weak. But with that strong guidance for Q2 and 2005, the stock looks cheap.
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cliffvb

05/12/05 11:09 AM

#11341 RE: Bobwins #11323

Whai.ob
I'm surprised a brilliant former banker bought into WHAI on the earnings report. They had preannounced 1st qrtr earnings at 8-10c in a recent CC. They hit the low end of that AND one-third of that was due to a one-time item. Current liabilities exceed current assets by a large margin. Toss out the goodwill and intangibles and they have negative stockholder equity of $35 Mil.

Medical staffing seems like it would be a great industry to be in but others are having a difficult time at turning a profit. Take a look at MRN. With a huge shortage of qualified people, it is difficult to hold onto good people.

Maybe I am missing something but other than the promises of an unproven management team, I don't see much to hang my hat on here.