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Fonar Corporation (FONR)


NasdaqCM - NasdaqCM Delayed Price. Currency in USD
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28.600+0.45 (+1.60%)
At close: 4:00PM EDT
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  • Great to see the growing company Fonar getting noticed:
    FONR is set to join the broad-market Russell 3000 Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9 and today, June 23.

    The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index. The Company to be profitable for 28 consecutive quarters. FONAR’s inclusion in the Russell 3000 gives institutions, mutual funds and the investing community greater visibility. They’re all looking for successful value stocks, and FONAR can deliver.
  • Pushing to the $50s for sure!! Or a buyout !!!
  • Did anyone else see $FONR report from http://squeezereport.com/?s=FONR ? It had some interesting information. "rht" Investing making money.

    Squeeze Report | Stock Trading Predictive Algorithm Identifying Potential Gains
    Stock trading predictive short and long algorithm services for the novice to expert investor.
    squeezereport.com
  • Rare trade in the aft today. Removes loss in today's trades triggered by market order sales towards the close that exceeded available inventory in this thin trader. Looking forward to tomorrow's action.
  • Great to see some interest starting in this stock. FONR is still near bottom. Consistent profits great balance sheet. MRI technology and MRI service centers are in high demand.
  • Pushing toward $30 on low float !!!
  • Nice chart today with good volume should take out 25 tomorrow, and close above 25.
  • Man oh man! More cash and profit rolls in for FONR. Revenue is up significantly. Huge increase in net income. Net Income, Available to Common Stockholders, increased 97%, for the quarter ended March 31, 2017, to $5.5 million as compared to $2.8 million for the quarter ended March 31, 2016. Balance sheet far better. The company is on such a trajectory. This is amazing. I believe I have to raise my target for FONR to $40 per share.
  • Correction: Fonar announced a reverse split 1:25 on 4-17-2007. If one factors in that split, the current
    price per share is not very good. Still holding on for improved results. I had previously stated a reverse
    splint of 1:20.
  • Possible dividend to be announced?
  • Fonar a BUY

    As soon as it hits $15!

    lol
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  • What most on this message board failed to realize is that FONAR had a 20-1 reverse split a number of years
    ago. When that is factored in this POS is still under water.
  • FONR pre-tax income was $16.13 million. When you subtract the total average combined federal and state income tax of 19.1%, you find that (if no NOLs in thin the far off future), their after tax annual income would be $13.05 million. That comes to $2.08 per share. Ron, you have confirmed that your after tax EPS was off by over 2X ! Thanks.
    $2.60 per share pretax and $2.08 per share after tax. Excellent.
  • I updated my valuation including the average federal and state taxes combined.
    The average federal tax rate paid by US corporations is 12.6%. The marginal bracket may be 35%, but there are thresholds and there are deductions for reinvestment for research for investment, etc. You are being overly pessimistic if you assume a federal tax rate of 35%.
    If you include state tax, the marginal tax rate is 6.5%, it has been reduced from 7.1% in 2015. Most companies also have state income tax deduction and don’t pay this full amount. But being pessimistic, I will include the whole percentage.
    Combining the 12.6% average federal tax and the 6.5% state tax, leaves a full taxation of 19.1%. I previously used 35% to compute FONR tax cost.
  • Fonar now 36% off of its high in just a few years!
  • Andy,

    Clearly the MARKET is not buying your thesis.
  • Andy,

    Any change in your valuation?
  • Ron, I think your numbers need some fact checking. You said FONR has $1.00 EPS after tax.
    If one looks at pretax income for FONR, they can determine that pretax income was as follows:
    Q end date pretax inc post tax net available to common
    March 2016 $4.026 M $2.81 M
    June 2016 $2.822 M $5.951 M
    Sept 2016 $4.700 M $3.343 M
    Dec 2016 $4.581 M $3.971 M
  • When is FONR expected to cross $20 price