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AMN Healthcare Services Inc. Message Board

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  • commandor58 commandor58 Aug 15, 2010 12:38 PM Flag

    Stock Action

    Obviously, since the "deal" was announced much of that shareholder base didn't like the deal and sold and/or shorted the stock. From my point of view, the best time to borrow and expand is when interest rates are the cheapest in decades and business is improving. Junk bond issuance was the highest on record last week, so others are thinking the same. In addition, we know business is improving for AHS, because they and others, ASGN and CCRN, have said orders have turned up and all three are expecting stronger 2ndH sales and earnings with AHS and ASGN guiding to sequentially stronger results for the Sept and Dec Qs. CCRN is expecting flat Sept Q, but up Dec Q.

    Current valuation for the combined AHS/Nursefinders is about .22 PSR for FY11-stupid cheap when .5 PSR is already historically cheap. I bought more stock at $4.90 just before the close on 8/13.

    When the sellers clear out is anybody's guess. So far I have guess too early. But with a RSI reading of 22, AHS is way oversold-especially for a business that is profitable, expanding and has excellent future prospects. The "market" is pricing AHS like it is in the "rag" business in New England under the death grip of inflexible unions. Don't know when the turn will begin, but buyers around $5.00 will be very well rewarded with a double just a few months after the deal closes.

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