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Auxilio Inc. Message Board

  • foxgang7878 foxgang7878 Jan 15, 2014 8:16 AM Flag

    New Contract with University of Calfi. San Diego Health System

    We're getting bigger and bigger. Going in the right direction.

    Sentiment: Strong Buy

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    • Just picked up some shares in the $1.20's. I can not believe people are selling this stock at this level. It seems like they are primed for a good year of sales, growth in revenues and improvement in margins. I would think an acquirer would easily be willing to pay $3 for the contracts they already have and to eliminate strong competition. Expecting a big 2014.

      Sentiment: Strong Buy

      • 2 Replies to cloudj64
      • That buyer, in my opinion, would be Cerner.
        They rely on Auxilio's engineers to create and establish a fluid transition in electronic filing.
        The needed them in the massive Saint Barnabas job.

        Sentiment: Strong Buy

      • cloud, I agree with your fundamental comment. However, I suspect that there might be short term supply versus demand issues. I commented recently on potential supply from the convertibles maturing in July and the forecast lower earnings (than the recent 4 cents) due to new business. From the 10K, there are also about 500K of warrants expiring this year with 30-75 cent exercise prices.

        That said, it is plausible that by sometime in 2015 they will be doing 4 cents per quarter routinely. If earnings finally gets a modest growth stock P/E of 15-20 then, that would be a price of about $2.50-3.00. Note that they put it in both the 10K and the Proxy that they have to meet EBITDA of $6.3M for 2014 and $9.2M for 2015 to get their warrants vested for those years. Those are big numbers.

 
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