very cheap= turn around macro and micro play. Shorts are easy to see. They can not connect the dots between stronger economy, more jobs, insurance and market leader with strong contracts with those who supply hospitals. VERY CHEAP,,,, only a fool would dump this low, historically , fundamental, technically laughably cheap.
I seriously hope this works out for you. As previously stated I do not have a position in MDCI nor do I plan on opening one anytime soon. Try your book value argument on someone who bought shares 12, 24 or 36 months ago and see how that goes for you. Their investment as quickly evaporated w/o any signs of life. Furthermore, if your "book value" thesis rings true than many financial services companies would be trading much higher than they already are. So with that said, I am officially done commenting here until after the next earnings announcement, where I hope to be eating crow, but highly doubt it.
Sorry to those who bought it that high. I have been in your shoes in good stocks that tumbled. I held like a fool during the 2000 turn down and lost two hundred thousand. I have managed a few losses buy ((trying))) to buy low. It dont always work out. I try to find big companies that are low compared to their past and have fundementals or a working business plan in place that could turn. Most of the good companies with great fundamentals have rallied .. Now you must find second tier stocks that were good once that look to turn. Finding market leaders with ways to improve margins or sales .