Thank you idiots for putting this on sale. Stocking up big time. Lots of cash flow and international expansion coming in 2015. Plus all the cost cutting they did last year makes beating #s in 2015 that much easier. Here's how good things are going. This is from the CEO on the earnings call:
"Despite pricing cuts to Medicare, which we announced last November of approximately $6 million, we are anticipating increased Revenue, EBITDA and Free Cash Flow for 2015."
Straight from the earnings release:
"Annual cash flow from operations to be in the range of $61 million to $66 million in 2015 [It was $54.0 million in 2014]. The Company's outlook for 2015 annual adjusted EBITDA is expected to be in the range of $75 million to $80 million. [It was $72 million in 2014]"
Don't be confused because a bunch of analysts were too optimistic about 2015. Back here in the real world, ARC is kicking #$%$, growing revenues and generating real cash and cash flow growth for shareholders. Oh and they're paying down debt and re-financing what's left at much better terms.
DSOs were steady in the low 50s and Free Cash Flow in Q4 alone was nearly $13 million.
Smart money is buying this today because idiots reacted to headlines, not the real substance of the earnings and guidance.