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FONAR Corporation (FONR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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17.75-0.24 (-1.33%)
At close: 4:00PM EST

17.75 0.00 (0.00%)
After hours: 4:00PM EST

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  • G
    GIS
    what a lump of coal....thanks to management... for doing NOTHING for SHAREHOLDERS.... again this year
  • A
    Andy
    FONR improving. Cash and profit continue to roll in. MRI scan volume increased by 50% to 41,566 for the 3-month period ended September 30, 2020, as compared to 27,757 scans for the previous 3-month period ended June 30, 2020. The is some pent-up demand now for MRIs and FONR is well situated for this.
    Business and operations are in the Sept 2020 quarter are stronger than the Jun 2020 quarter.
    Bullish
  • M
    Michael
    Don't let the recent price drop get you down. The book value of this company alone is roughly 17/share add that with the yearly earnings and we should be reaching the theoretical price bottom limit. In fact, I'm actually picking more shares up at these prices.

    I've joined this board to actually bring up constructive discussion. Now in my opinion I feel that the management of FONR have done a fantastic job of increasing company value to the shareholders despite what the price reflects on a daily basis.

    That being said, at what point do we as shareholders decide that it is in our best interests as owners of the company to start receiving dividends. How will we choose to unite and guide the company to our best interest. We are the owners of the company and we should not wait for others to make changes for us. What is everybody's thoughts on this?
    Bullish
  • A
    Andy
    More healthy profits roll in for FONR. Fundamentally this company is very strong. Operations are doing extremely well. Balance sheet is great and the company is rolling in cash. I could easily see FONR over $35 per share this year.
  • A
    Andy
    Excellent results from FONR today. There is a one-time tax disposition charge, and beyond that, Fonar is doing great. Revenues are up. Income from operations are up. Cash and balance sheet are even stronger. They are expanding and margins are better than ever. This one is definitely headed over $35 per share.
  • A
    Andy
    Excellent. More cash and profit rolls in for FONR. Revenue is up by 7%. Margins were strong. And another $4.5 million in net income comes in. The already excellent balance sheet has become even better. Company is growing organically and likely will put there large current holdings to use by acquiring even more MRI centers. There is increasing demand for FONR’s magnetic resonance imaging equipment and their centers. Fantastic. The report alone could put FONR stock over $38 per share.
  • A
    Andy
    It is beautiful to see $20 million per year in cash flow from operations coming in per year. FONR has an excellent balance sheet. The company has over $110 million in net tangible assets. I would conservatively value FONR at 8 X (cash flow from operations) + net tangible book value. This is $270 million, and since there are only 6.45 million shares outstanding, that puts a conservative valuation of $41.86 per share. Likely FONR could be over $42 per share within the next year.
  • A
    Andy
    Great to see a company like FONR that earns $20 million per year. They earn their whole enterprise value is 8 years. I feel bad for investors in companies like GOOG that have to wait 30 years to earn their enterprise value. If FONR were priced like GOOG, then FONR stock would be around $110 per share!
  • A
    Andy
    I am busy celebrating. I had bought more of this in the bargain prices of March when it was WAY oversold and am glad to see FONR rise so fast back into the $20's. The company (as the new report shows) is weathering things well. Congrats to all those who are believers in the fundamentals.
    Bullish
  • A
    Andy
    New results to be posted on Sept 13. Revenue will likely be over $25 million. Margins likely will be strong, and net income likely will be over $3.5 million. This can easily put the stock over $30 per share.
  • W
    W
    Like I said, somebody's got this on their keep-it-under-the-radar accumulation list. Light vol. and steadily rising PPS. I wonder what they think fair value is...

    All the best,

    Ivorhtedriver
  • A
    Andy
    FONR is a cash cow. The are at a record of over $80 million per year in annual revenue. Margins are very strong. They are bringing in over $16 million per year in net income. Cash flow from operations is very strong. FONR will likely be back above $32 per share soon.
  • b
    bottomsupinvestor
    Q1 2020 results are in. Yes, this thing keeps chugging along. Sales are up just a bit while expense are up a bit also. Earnings are not much different as is the rest of the income statement. On the other hand, the balance sheet continues to improve with higher assets, shareholder equity, and book value.
  • A
    Andy
    More cash flow from operations and more profits roll in for Q4. FONR is operating very strongly. They had $22.5 million in reveneue for Q4 2019 and had Net income to shareholders of $5.1 million. Thiese are excellent results from a company with great balance sheet and very strong operations. We could easily see over $35 per share stock price over the next couple months.
  • A
    Andy
    Excellent. More cash and profit rolls in. Net Income for the quarter was $4.5 million. This gives a strong EPS of 47 cents per share for the quarter. PE could head to 15. This would be FONR at $40 per share. Company is growing and highly profitable. Shareholder equity has risen again. FONR is very undervalued, could easily be a double over the next few months.
  • A
    Andy
    HMCA (owned by FONR) is doing extremely well. There is high demand for efficient medical imaging centers. The MRI is ideal for the following medical imaging capabilities:
    Spinal imaging
    Blood flow
    Non-blood flow, including cerebral spinal flow
    Bone structure imaging
    Internal organ imaging
    Cancer diagnostics
    Muscular imaging
    Implant imaging
    Brain imaging
    Images of ligaments, tendons, attachment
  • A
    Andy
    Large increase in volume traded for FONR since 11:30am. FONR is moving higher.
  • A
    Andy
    Nice to see FONR in the low $11's. I am starting to buy some at these bargain levels. This is a great time to start accumulating a strongly profitable company with lots of cash and with tangible assets much more than market cap.
    Bullish
  • A
    Andy
    Excellent to see FONR growing. Another MRI scanner this quarter and a total of 4 being added in Q2-Q4. Earnings show FONR is strongly profitable and revenue is up.
    Just a few quarters ago shareholder equity was under $100 million. Six months ago it was $118.1 million. Now, FONR shareholder equity has risen strongly to $125.1 million. Excellent to see market cap at only $132 million as they bring in over $16 million per year. Beautiful, FONR is worth over $40 per share.
    Bullish
  • b
    bottomsupinvestor
    Fonar has been up 8 days in a row which is something especially given the market recently being down about a percent just today.