LOL. Yes, the market does not have a clue of how to value FONR. Mr. Market often makes bargain opportunities available. Also, tax selling this month is helping make FONR available at a bargain. Enjoy!
Sentiment: Strong Buy
Judging by the stock price, it appears FONR sold their very profitable MRI business and is now an energy company. We're always the last to know!
There is a huge trend just starting in preventive medicine. Give the people the capability to choose and receive data directly on their own health, data, tests, etc. Companies like Theranos are leading the progress. Theranos can do over 200 tests from a drop of blood. Theranos is valued at $9 billion (still private), yet they have less revenue than FONR (FONR market cap is only around $70 million). There is huge opportunity in lower-cost, wider availability of heath monitoring equipment and services. The information and services provided by these two companies are complementary. FONR is way undervalued. It is only a matter of time before FONR rises.
Sentiment: Strong Buy
It looks like people are finally starting to wake up. Obama and the other communists are purposely trying to bring down this country. He has never said one truth in his life. I can't believe that all those suckers believed his lies.
Yahoo is part of the problem. They love Obama and the liberals. Yahoo has been saying for the last 6 years that the economic recovery is now starting to take hold. It's all lies. All government numbers are manipulated. The truth is that the economy has been getting worse and worse since the Real Estate bubble bursted. It's not going to get better. This isn't going to end well. Do some research and stay away from the mainstream media. It will just make you stupid.
Thanks Salhem, I sold today and cleared $475.00 after Scottrade's commission. I bought 2000 shares so everything is A-Okay. Might do it again if it drops back off. Still don't understand the tank when there was no bad news and SUCH a low PE.
own FONR along with several mutual funds. When I look at the bid and ask price I only see 100-300 shares trade at a time. You would think at these low prices they would add thousands but looks like they are just holding. I saw this same action on Laserscope several years ago. It went way down and got bought out towards the 52 week low. I am hoping the same happens here. I have no idea if the owners would even want to sell since I am new to this board.
The rhetorical question here is "Why hasn't the technical 50 day mvg avg and MACD (Momentum) charts reflect this "SPECTACULAR" good news? It may be late for the news to support a breakout...although it may be some other, more important, reason like product competition..