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Metropolitan Health Networks Inc. Message Board

  • garoseme garoseme Aug 23, 2010 4:43 PM Flag

    No bottom

    Any idea how low this stock will fall. Facts please, no bashing.Thank you

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    • I bought more right after earnings at 4.0 because when I read the release I was CERTAIN it would take us to 5+ over the next month or take whatever I say with the proverbial grain-o-salt.

      My guess is they could let it or take it down to the low 3s. Why? Because they can and because these type of stocks are WAY out of favor right now. A few good things that should help MDF is that we are performing better, yet valued lower, than CNU. We also have a significant number of shares remaining to be bought in the buyback. The only thing I don't like is that there are a few too many shares shorted, that is rarely ever a good thing.

      My bottom line is that given the too low PS, too low PE, too low EV/EBITDA, remaining share buyback, etc. I sleep ok holding my shares. It is my 3rd largest position and I will hold until it hits what I judge to be fair value.

      Good luck to you.

      PS: If you're interested and like these undervalued micros, take a look at NOOF, MCZ, and UVE. The only other position I've been building of late is a larger company WPP.