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Fonar Corp. Message Board

  • rman707 rman707 Dec 9, 2005 4:47 PM Flag

    Down the Tubes?

    I have been long for years. For the first time in light of the sinking stock price I am wondering if we are going down the tubes. If I only paid attention to the PR everything looks rosy but it's obviously not. Fortunately I did not make a huge investment in FONR but it's never fun to lose.

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    • rman writes, "If I only paid attention to the PR everything looks rosy but it's obviously not."

      One has to look one layer down from the PR and see the trend. Taht trend is DOWN, IMHO.

      One also has to look at the quarterly reports. A +$8M LOSS last quarter indicates the to me that the good doctor and friends billed EVERYTHING they could in 4Q06 so they could show a profitable fiscal year.

      Finally one has to look at the bookings. Richt thinks there are 14 or so for the first half of the year. That's not enough to feed the monster, IMHO.

 
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