Yeah it looks like all of his posts were removed! FONR earnings of .43 last quarter were better than I expected. I think the stock is fairly valued at $15-$16 due to the lack of top line growth. But it certainly has a low P/E, so cheaper than most of the stuff out there in this overvalued market.
Ummm yeah. I think you may have actually lost your mind. Nobody is going to bring you $50K cash in a dark alley to make up for your FONR losses. Just take it like a man and move on. Chalk it up to a learning experience. Mom still loves you!
I've been too busy counting my FONR profits today. I think you might be mentally unstable. I'm sure you have a lawyer. Just like you're an accountant. And a billionaire. You just live in your mom's basement 'for fun'.
I'm sure you will troll around on this message board for awhile. I've made my money and am off to the next one. Why waste time here? Everyone can see your lies. Just this morning you were talking up how good the earnings report was. It was only AFTER the stock had cratered that you suddenly remembered that you sold your shares last week. Too funny. Another Yahoo poster who makes great calls in hindsight. Next time post real time if you want any credibility.
Oh another internet tough guy? Are you so hostile because you're losing a fortune today??
Hey I'm sure you've made billions in the stock market. I just find it hilarious that in all of your dozens of responses to me, not ONE time could you somehow find the time last week to mention you were unloading most of your shares. That is why these Yahoo boards are a joke. Everyone is a genius posting about what they did after the fact.
This guy is a joke! Hey I told you guys the stock was going to tank on earnings. And that I was short. After all his posts defending the stock price. NOW this clown has the stones to say he sold most of his shares last week. Before today's plunge. Of course he did! Hahahahaha
I said $12-$15 actually. And earnings were a little better than I thought. So I'm happy taking a 16% gain. How's that 16% loss? You buying more?? Maybe a bit oversold, so could bounce.
How we doin today longs?? I tried to warn you over and over again. Hopefully some of you listened! EPS was a few pennies higher than my estimate. And the stock is STILL plunging!! Just covered half my shares. Wish you guys had joined me on the short side! This was easy money!!
You guys are hilarious! Product sales of zero not an issue?? Yeah this company is really doing great!
During the first three months of fiscal 2015 we sold one scanner; during the first three months of fiscal 2016 we sold no scanners. Continuing tight credit and economic uncertainty, together with lower reimbursement rates for MRI scans, have depressed the market for our MRI scanner products.
Ha that's wrong! Back in the Q3 report in May the CEO said the reimbursement cuts had subsided for now. But they're back! Numbers are headed lower from here. Keep chasing this one in the $18's.
And this was a good quarter. LOL. They were very fortunate they didn't show declines on both the top and bottom lines. But an ominous warning in the press release:
"We are still concerned about potential cuts in MRI reimbursement rates, however we will continue to explore all opportunities to expand our capacity."
As well as in the 10Q:
The implementation of the Patient Protection and Affordable Care Act (PPACA) is likely to have a profound impact on the healthcare industry. We are beginning to see some impact of the Act on our business, in the reduction of reimbursement rates, but are unable to predict the degree of the effect of the new legislative mandates and regulations on our MRI equipment segment or HMCA in the future.
Sounds like numbers are headed lower folks. The stock doubling to the $18's makes no sense whatsoever. This is a business with zero growth. Lucky for you, the stock has been propped up by a stock market that has gone straight up the past 6 weeks. We'll see how FONR does during the next market selloff. Should be back to $12. A year ago when FONR reported earnings of .39, the stock was $13. A month later it was below $10.
No expectation of higher revenues and earnings? The stock has DOUBLED in recent weeks. I would say expectations are VERY high!!! Earnings could be out tomorrow morning. If they report a nice increase in revenues and earnings (as the huge move up in the stock price is suggesting), you guys will be right and I'll be wrong. If they report flat to down numbers, the stock will begin its trip back to $10.
You're right. These boards have no effect on the stock price really. I mostly came on here to see if any of the longs could explain why FONR wasn't extremely overpriced after this monster move higher. Why earnings this week were going to be good. Why the company was going to start reporting revenue growth after 8 quarters of zero growth. And as I expected, I wasn't able to get a single decent response. Just a bunch of lemmings who have no idea what they own. Well if you like the stock over $18, get ready to love it in the $12-$15 range this week.
You must be new to the stock market. There's thousands of stocks going up & down every day. Sure often times it is because of good or bad news. But plenty of times there's no news at all. So to say there's always a reason is just stupid.
I'll sleep great this weekend! If I was long, I'd be a nervous wreck! Knowing that I'm holding a stock that momentum traders have chased up 100% for no absolutely no reason whatsoever. After the company just reported it's weakest revenue & gross profit in many quarters. And is set to report a series of flat to declining quarters.
I mean this is not rocket science. Not sure why you guys are putting on your blinders and drinking the kool-aid here. Maybe you're right and FONR is about to report a blockbuster quarter with earnings of .50/share on 10-20% revenue growth. That is what's priced after the stock has doubled in recent weeks. There is a chance that happens, although a very slim one. I'd say a much greater chance FONR reports a revenue decline and flat earnings. The stock will be back below $15 in a flash. And I'm assuming Q1 will be better than Q4. If Q1 is similar to Q4 and they only report earnings of .30/share, you'll see FONR plunge all the way back to $10.
Yeah it'll be out next week. No clue why anyone would possibly hold into the numbers after the stock has gone up 100% in the last few weeks for no reason. Especially since the Q1 report next week will show flattish revenue and earnings at best. And likely revenue and earnings DECLINES. Check the action on CMT today. That's what FONR could look like next week.
Why do you care? Not sure if this is your first message board. But people always lie about how much money they have so there's no point in asking about someone's position. If I had 1 share or 100,000 shares, it doesn't change the fact that FONR will drop after their earnings report next week.
Who me? Still here of course. Actually shorted a few more today. You momentum traders keep chasing this one higher. It's up 100% in recent weeks for absolutely no reason. After reporting a weak Q4. The lowest revenue & gross profit in many quarters. But hey keep bidding it up. Buy right into earnings. 10% upside vs. 40-50% downside. Load up! We'll see how happy you guys are after the earnings report next week. Your only hope is that the broader market continues to go parabolic. That may soften the blow when FONR reports a revenue decline and an earnings decline next week. In a normal market, FONR would drop to $12-$15. In a bad market, maybe all the way back below $10. The plunge starts next week!
Oh I see what kind of board this is. Hey why stop there? I say it goes to $100, $200, $300...all the way to $1,000! And maybe more! Does this post fit better? Or am I being too pessimistic in my price targets?
Everyone is trying to cut the costs of healthcare these days. This is very bad for FONR. They're receiving reduced reimbursement rates from government programs and private insurance companies. They're trying to offset the declines with an increased number of scans. So IF everything goes well, they will be able to maintain the same level of profitability. That's if everything goes right. So best case...flat numbers. Forget about any growth here. Some business model. And it looks like in Q3 & Q4, the numbers started slipping. If Q1 continues that trend, it'll be look out below!
Straight from the 10K:
Reduced Reimbursement Rates. Most of our revenues are derived from our scanning center business conducted by HCMA. We are experiencing lower reimbursement rates from Medicare, other government programs and private insurance companies. To date, we have been able to counter the impact of these reductions by increasing our volume of scans, thereby maintaining profitability in this business segment. There is, however, no assurance that we will be able to continue to do so.