I expect Q2 revenue of $18,6 - $18.9 million and net income of $3.2 - $3.4 million. Basic net income per common share available to common stockholders of 40 cents. My taget on Fonar is $28.
Fonar trades at a value of $65 million with book value of $28 million.
Fonar has "Total deferred tax assets" of $67.9 million from operating carryforwards etc. Fonar's annual income is above 11 million and the company is income tax free of income of $200 million.
Fonar is extremely undervalued at this point. The Q2 report is released in 14-17 days.
I am projecting $18 million in revenue and $2.8 million in net income for FONR for Q2 quarter. We will see in a couple weeks. Business is strong and margins are also. The numbers above would indicate consistent growth. Balance sheet is very strong. If FONR can hit the above results, I would conservatively estimate their intrinsic value to be $135 million (based on assets, liabilities, revenue, cash flow, etc). That comes to about $23 per share.
Sentiment: Strong Buy
Yeah I would not be surprised to see FONR acquired. But it won't be for $700M. Current market cap is only $64M. An acquirer may be able to get it for $100M, and they would be absolutely stealing it!
Sounds good and logical. Fonar is a nicely profitable company except I don't understand the $700M part. That would be about 10x this company's current valuation.
what I am waiting for is for those who have a gut level hate for this company to get bored and move on.
This company has the recent history of better reports ---and falling stock price motivated by the haters---every time.
A ten buck stock with a pps under 10? A lot of "I'm waiting" and a lot of pure manipulation
Just do a search on "Magnetic Resonance Imaging Systems Market Analysis and Forecast to 2020"..... there was a report published on 12/31/2014
Don't think so... there was a report out that day and Fonar was mentioned in it. Guess this created some buying interest. I am in lately and will have the wait to much higher PPS ;-)
look at the cutting edge sometimes it has to be sharpened again... Raymond remember when!!!!!!!!
It is easy to say enough is enough!!!!!!!!!!!!!!!!! Now is the time to strike with the new..............