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BioTelemetry, Inc. Message Board

  • stockexpertpro stockexpertpro Jun 18, 2013 10:45 AM Flag

    155 Million Dollars for a company that only has 18 Million in Cash and is Losing Millions

     

    155 Million for a company that only has 18 Million in Cash and is Losing Millions

    BEAT Company Loss Nearly 100 Million Dollars over the past 3 years Company continues to lose Millions Medicare just reduced its reinbursement rates by 2% with further rate reductions coming in the future. The company is down to just 18 Million in Cash after burning through 28 Million Dollars last year The current market cap after the latest run up from 2$ a share to just over 6$ a share is a whopping 155 Million Dollars for a company that only has 18 Million in cash and that is losing Millions

    The stock price up here is VERY BLOATED EXTREMLY Overbought

    The company needs to do a secondary stock offering ASAP to take advantage and raise some much needed cash before they run out of money since they burned 28 Million in cash last year look at the balance sheet they had 28 Million in investments that is now gone they burned it all and are now down to just 18 Million in cash that want last long

    Its been a very nice ride from 2$ to over 6$ in 2 short months but its time to get off this train and time to sell and lock those gains in greed kills in the stock market Lock those profits in and time to move the risk now is to the downside

    Sentiment: Strong Sell

    This topic is deleted.
 
BEAT
7.43+0.06(+0.81%)Jul 30 3:59 PMEDT

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