This company is beating slow. Its recent decision to close is Florida center causing an entire new staff to be hire and training and then 12 months later closing that office is scary. It takes nearly 6 months to train a staff to properly handle the workflow. When they closed the Florida office lack of customer service is horrifying. That staff final begins handle the calls well and then they start all over. Their clinics are going to be running jumping ship very soon. I'd be watch Lifewatch or a newer competitor for a huge increase in earnings.
Before you go calling people "dumb"...I would suggest you read all about this company and go beyond the oversimplistic statement that they have no debt as a good reason to like them. They have a product that has never been shown to improve outcomes and this is the key reason that they are having problems getting a level of insurance reimbursement that can help make them profitable. They are also facing two lawsuits. One of them lawsuits could be very serious and both will probably take a long time to work their way through. Also, the company has been bleeding money and only "hopes" to be profitable on an "operating basis" in the 4th quarter (and the new President can walk away from those promises, since he didn't make them!!) With the recent news on reimbursement, this stock could be dead money for 6-12 months and there is absolutely no news pending that would merit a "bounce" to $6 shortly. My hunch is that this could trade in the $4-$6 range till at least February or March of next year (when a hint about how Q4 of 2010 went may be out) and will probably settle closely to the $5 options number quite frequently at those option expiration dates. Come back in 3 or 4 weeks and see how "dumb" others are, or perhaps you will have to write those letters on your own mirror?
"you're dumb" Wow, you're quite the wordsmith now aren't ya. My statement is that this company is a horrible long-term investment. You may be correct in stating that a rebound we occur soon, but it will be slight and short lived. 0 debt can change quickly so it's only a good indicator that they will not go bankrupt in the short term. As far as for products, their products are worthless, the MCOT is only marginally better at capturing events than traditional event monitors and plenty of substitute products are just around the corner. Their customer service is horrid and management is a joke. Current trends in the health care industry is to cut cost, more and more insurance agenicies are going to stop covering the MCOT, why, because the cost outweighs the benefit.
I think that you're crazy to sell here. They still have a lot of money and little debt. They don't look like an acquisition target, but what if they were to acquire and immediately implement a system that meets the reimbursement criteria?