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American Shared Hospital Services Message Board

  • mmmparsley mmmparsley Aug 5, 2009 1:54 AM Flag

    Takeaways from the call...

    1. AMS was going to get ~$20 million in cash for 81% ownership of GK Financing.

    2. Company will continue to pare down shares until 4.5 million are outstanding.
    3. Order volumes should pick up and cash flow should increase above 2.3 million per quarter.
    4. GKF has plenty of room for growth - especially in international markets.
    5. The 3 pre-purchased PBRT systems could increase cash flows by 2.5 per quarter when after FDA approval and installation. Other systems purchased will find ready financing from financial partners.

    Any I left out?

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    • I also was glad to hear a few people on the call who are "new to the story" as they put it. Seems like AMS is starting to gain some interest.

      Every time I listen to one of these conference calls I wish I owned more shares.

    • Transaction costs are over. Thank God, that was a real waste of money!

    • I think they said $30 million in cash for the sale of GK Financing, not $20 million. Even though it didn't go through, that's a nice number for a company with a market cap of $10M.

      I also thought that the comments on reimbursement rates were particularly interesting. That to me is one of the key risks to AMS since it directly affects their cash flow and all of this healthcare reform talk has been getting me a little worried.

      They seem to say that in the current plan reimbursement rates would not be going down for machines placed in hospitals, which is what AMS does. They also mentioned the possibility of "package deals" which would encourage patients to get treatment at the same hospital where they were diagnosed which could increase patient volumes for AMS.

    • That the company invested 500K as a downpayment on a Perfexion system for the UK. This represents a completely new area of business for AMS...

2.7308Apr 24 9:54 AMEDT