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Digirad Corporation Message Board

  • abclodt May 9, 2011 7:18 PM Flag

    starting to think they might go BK

    cc was awful

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    • BEAT, like DRAD, has strong "salvage" value on the balance sheet, so the "enterprise" value for the going business is relatively small, except for the overhang of the lawsuit.
      Their reimbursement schedule cut by 33% was a killer; however, without anything in the quarterly release overly exciting, the stock has taken off on huge volumes.

    • i think the next couple of quarters will pleasantly surprise you on drad on both profitability and sales growth. of course, that probably will mean the stock is 25-50% higher than today.

      i'm not worried about stark law/reimbursement changes in the next 3+ years. obamacare has focused on MD ownership of hospitals but largely ignored MD ownership of radiation oncology equipment, imaging equipment, rehab facilities, lab facilities etc.

      drad falls in an even more protected gray area because the MD doesn't actually own any equipment. drad owns it and brings the equipment into the office for a few hours.

      as for BEAT, even after the shareholder lawsuit, do think any large company wants to be involved in that market?

    • Jerry Wang...I respect and appreciate your comments..

      Retired Tech...albeit that I am in Seattle and you are in Redmond, I suggest you invest in Microsoft and that your postings about this stock are rubbish.

      Again, I am genuinely concerned about the reimbursement rates and the Stark Law loophole. I also know that this company has had a history of over-promising and under-delivering. The positive cash flow in Q1 was most certainly due to extending payables rather than their base business model. In fact, it would be acceptable for them to have NEGATIVE cash flow if they were growing substantially as that would reflect financing AR.

      I am a "value" investor and am watching them closely, but am waiting to see if they can demonstrate they are worth more than liquidation value based on the ability to grow their revenue and achieve "true" profitability. I am most certainly not short (in fact I would not be short anything in this market) and would love to invest in DRAD if I can become a believer in their future. The other stock I am working with in the same vein is BEAT. Would love to see them settle their overhanging shareholder lawsuit and sell themselves.

    • abclodt May 11, 2011 10:40 AM Flag

      bk was harsh, but still think the stock is overvalued compared to this year.

      good luck guys
      two sides to every trade

    • abclodt:

      You need to gather your direction and bearings. You obviously are posting to the wrong chatboard. There is no possibility whatsoever of DRAD going BK. DRAD is now in the initial stages of a turnaround. DRAD now has 30.6 million dollars in cash and we can look forward to increases in that total quarter by to quarter as we go forward. My assessment of the recent Q1/2011 conference call was quite positive. Investors need to pre-position themselves for positive gains in operational performance in the 3rd and 4th quarters of this year. I continue to be bullish on DRAD and I see it being an easy multi-bagger within the next 12 months. The time tested formula of buying low, holding and selling much higher will work very nicely here with DRAD.

      Cheers and good investing,

    • abclodt May 10, 2011 9:08 AM Flag

      the stock price was 1.85 last year and they are making less money this year. Fair value is around 1.60

    • abclodt May 9, 2011 9:43 PM Flag

      revenue was down from last year. Not a growing company

    • cash generating company going bankrupt?

    • abclodt May 9, 2011 7:19 PM Flag

      if all else fails blame it on the weather

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