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Look out Joe Dimaggio...$$$MR. MARKET$$$ is moving in on you. I now have 56 consecutive profitable trades of 15% or better. Today I sold PDX at 69.63. That's a 16% gain over my original purchase price of 60.14 back on March 30, 2004, a mere 3 weeks! Over the same period, the S&P 500 was only up 0.2%....how pathetic. $$$MR. MARKET$$$ is Bruno Sammartino, the S&P 500 is Jonny Rodz.
My annualized gain on this trade was 240% . Can you do that? You? YOU?? YOU???
Here's what they are saying about $$$MR. MARKET$$$:
$$$MR. MARKET$$$'s success is not only a result of his immense talent but also because of a killer mentality and unmatched mental strength. In today's game, there are many stockpickers of immense physical talent but few, if any, have what $$$MR. MARKET$$$ has from the shoulders up.
Many may consider his accomplishments somewhat monotonous, but I just sit back and relish the fact that I'm witnessing an stockpicker of historical proportions. And to think he's only 45 years old. Barring injury he'll have ten or more highly competitive years.
George, USA
$$$MR. MARKET$$$ has his best chance yet to complete the ''Grand Slam'. He has seized opportunities throughout his career. It's going to be a great thing to watch if he does do it.
Dave , USA
As with everything, his run will finally end and someone will catch up to him. But I am enjoying every minute of his success
Paul, USA
Can any body stop $$$MR. MARKET$$$? Yes - in the year 2001 he was stopped in majors by other players. He has some bad days as any one else does in any sport but he is a great player and plays with character and dignity.
Govid , USA
$$$MR. MARKET$$$ will still dominate and continue to win majors
Jay , USA
I hope this puts to rest any discussion of Warren Buffett being a serious challenger to $$$MR. MARKET$$$. Warren's about as close to $$$MR. MARKET$$$ now as Weiskopf was to Nicklaus 30 years ago.
Sean, USA
We need young stockpickers who are, or will be as fearless as $$$MR. MARKET$$$ was when he came to the stockpicking scene. For the time being though, $$$MR. MARKET$$$ will still dominate and continue to win majors
Jay, USA
As with everything, his run will finally end and someone will catch up to him. But I am enjoying every minute of his success. He is the Nicklaus or Palmer for this time period. It would be nice to see him have a rival to dual with on a consistent basis though. Good job, $$$MR. MARKET$$$!
Paul, USA
It is about time that the stockpickinging authorities realise that by lengthening courses like Augusta and Bethpage they are playing straight into his hands
Graeme , UK
It has to be said $$$MR. MARKET$$$'s contribution to the game of stockpicking is invaluable. I, like many others only got interested in stockpicking when $$$MR. MARKET$$$ came on the scene. I regard him as my role model even though we're the same age. It is his mental power that wins for him. Can't you draw comparisons between him, David Beckham and Michael Owen? They're all gifted but with that they had good upbringings in stable families plus they are very humble in success.
Tokunbo, Nigeria
$$$MR. MARKET$$$ is without doubt the best stockpicker in the world both at a mental level as well as talent wise. However, surely it is about time that the stockpicking authorities realise that by lengthening courses like Augusta and Bethpage they are playing straight into his hands.
This plus the technology used today, make's him unstoppable just because he hits the ball so far. Unless these issues are addressed and the players start having to use their brains or the weather is foul at Muirfield, I doubt if anyone can stop him.
Graeme, UK
$$$MR. MARKET$$$ has gone beyond being a legend; he now represents the game of stockpicking!
Andy, England
Ours is not to question why or even how but to simply sit back and marvel
Ron , USA
I find it curious and spurious that people continue to blame other stockpickers for the lack of rivalry to $$$MR. MARKET$$$. It's even more ridiculous when people try to throw Justin Rose or Adam Scott into the mix. The fact is, $$$MR. MARKET$$$ is one of those special stockpickers that come along once in a few generations, ala Michael Jordan, Pele, Ali, Jack Nicklaus. That $$$MR. MARKET$$$ does not have any close competition reflects more on his greatness than the other players' mediocrity.
Phil, David, Ernie, Sergio et al are really good players, perhaps as good as Trevino, Miller, Weiskopf, in Jack's day. But $$$MR. MARKET$$$ is SO good that he is head and shoulders above them. There will be another $$$MR. MARKET$$$, but not in another 50-100 years. Give credit where credit is due and sit back and appreciate the greatest stockpicker ever to play.
Robert, USA
In America they say there are two things you can count on - death and taxes. Well, it's time to add a third item. $$$MR. MARKET$$$ will win the Grand Slam this year. Ours is not to question why or even how but to simply sit back and marvel as a true master hones his craft.
Ron , USA
The whole world is raving about $$$MR. MARKET$$$. The good news is that my May Day winner will be coming very soon, if, and only if, you tell us how much YOU like $$$MR. MARKET$$$.
==============================================
Joined: 22 Sep 2003
Posts: 667
Posted: 30 Mar 2004 05:51 pm Post subject: PDX ==> The Spring is Here $$$MR. MARKET$$$ Winner
Smallville hospital has one neonatal doctor to cover the neonatal ICU. His malpractice premiums are over $100,000 a year and he makes $150,000 over that. He is tired and living check to check. His wife is banging the lawn man and he is too tired to care. Then along comes Pediatrix Medical Group, Inc (PDX). He now makes $200,000 a year, pumps iron, eats Nitrotech and gets busy with the nanny while his wife is now the laughing stock of the country club . His life is now bliss as he punts the bag that used to be Mrs. Doctor.
Look at poor Dr. McCoy. Do you think if he had PDX collecting his bills, he'd have to go out on a Starship to find work?
Today I bought PDX at 60.14. I will sell it in 4 to 6 weeks at 69.63. Here’s why I like PDX:
In the world of intensive care medicine the Michael Jordan's of the field are neonatologists. They have the game to nurse the 12 oz babies to health and send them home. However, solo practice is often not possible or wise. Caring for these Thumbelina's can take its toll on a physician. Enter PDX, a group practice model. Pay all the docs expenses and give them a check. Limit their hours with extensive cross coverage. Everyone pays for neonatal care, if the parents have no insurance then Uncle Sam steps in to cover. The restructuring of the company has paid off nicely. Pass the Pedialyte and count your cash, another $$$MR. MARKET$$$ marvel.
PDX stock is up over 163% in the last 52 weeks yet its PE is an extremely humble 17.6. The steady climb of its stock price is a model of consistency. Can you draw a straight line going up? Good…you’ve just drawn PDX’s chart. With an r^2 of 0.95, this is the price momentum of $$$MR. MARKET$$$’s wet dreams. For the chartists of the world PDX has been forming a very nice base for the last several weeks.
So start the sappy music. Here’s what PDX believes in:
• A dedication to the best possible patient outcomes;
• A belief in information systems to document the care provided, and to share knowledge among all professionals;
• A commitment to lifelong education; and
• A belief that the physician - the clinical professional who admits patients into hospitals, prescribes pharmaceuticals and diagnostic tests - has earned a seat at the table where the nation´s healthcare reform debate is taking place.
• Pedatrix's huge database of neonatal clinical outcomes. It gives group members access to neonatal clinical research. The ability to tap into this database helps them (better) practice medicine and helps with their clinical research.
Here’s what $$$MR. MARKET$$$ believes in….earnings earnings earnings. PDX, despite its runup, is still undervalued.
Pediatrix is now the only player of its type with a national presence. Highlights for the three months ended December 31, 2003, include:
• Earnings per share of 97 cents, up 33 percent from the comparable prior period;
• Revenue of $145.8 million, an increase of 22 percent, with strong same-unit revenue growth of 13.6 percent;
• Net income of $24.0 million, an increase of 26 percent; and
Plug these earnings into a valuation model and if we assume initial earnings of $84.4 million grow at a rate of 15.00%, and we discount those future earnings at a rate of 15.00%, we arrive at a net present value for the company's next 10 years of earnings of $844 million. To account for potential earnings beyond the 10th year, we estimate a growth rate of 6.00%, a discount rate of 12.00%, and we arrive at a continuing value of $1.49 billion. To complete the calculation we add these two figures together, subtract the long-term debt for PDX ($1.20 million), and divide by the outstanding shares (24.4 million) to get a per share intrinsic value of $95.82.
Combined, Pediatrix and its affiliated professional corporations employ more than 690 physicians in 30 states and Puerto Rico. Pediatrix is also the nation's largest provider of newborn hearing screens and newborn metabolic screening. They have 18% of the market and are growing. This is the classic roll up strategy which is so familiar with many $$$MR. MARKET$$$ winning stocks. Buying earnings at a discount price, then rolling them up and squeezing out overhead is a formula that works well, especially in businesses where price inelasticity is prevalent. Medicaid covers care for mothers and babies without insurance. PDX is a major US corporation with revenues of $551 million last year. They are here to stay.
Many doctors choose to join Pediatrix to avoid all of the insurance red tape. Pediatrix has the economies of scale to properly deal with insurers. MD’s can just concentrate on making sick patients well again and the younger docs love this. This makes it easier for PDX to make acquisitions because doctors have confidence they won't have to fight insurers or a Medicaid probe. PDX comes to these guys with cold hard cash to buy out their practices. The young doctors think of taking the money straight to Marine Max to buy a new boat. He'll drink 1000 beers and go out for a spin:
The PDX formula works. Divide and conquer. There's a long list of small practices with anywhere from four to 12 physicians in a very fragmented market. Pediatrix is playing Pac man. PDX can go out and acquire practices without competition for them, so they underpay. Pediatrix scouts out practices with good local reputations and doctors who fit in culturally and like the idea of practicing in a large group.
PDX has at least eight straight quarters of 26%-or-better earnings growth. Revenues have grown each and every year for the last 9 years. Over the last 5 years, sales growth has been 40% per year. ANALysts claim that PDX will bank $4.06/share in 2004. PDX always seems to beat their numbers. The company has already advised that they see $4.10 per share on the high end. $$$MR. MARKET$$$ sees PDX getting to $4.47/share in 2004 which would translate to a stock price of $78.67 which is well past my sell target.
PDX is also thumping on the vertical integration frontier. Last year PDX bought Neo Gen Screening, a Pittsburgh-based laboratory specializing in newborn metabolic screening. Renamed Pediatrix Screening Inc., it's the nation's largest such lab and boasts several proprietary methods to screen for genetic disorders in the first few days of a baby's life. Newborn screening is mandated by many states and Pediatrix's doctors will send all their genetic lab work to the new subsidiary. . Isn’t being a baby great? All you do is eat, sleep and when you dump in your pants, someone changes you.
And the customer base just keeps on coming. As long as the manufacturing process doesn’t change PDX will continue to receive patients. Childbirth occurs no matter what happens to interest rates, OPEC production or the price of the Euro. Pediatrics can go into a community and buy a couple of practices and already have the majority of the neonatologists in the area. Most other areas of healthcare remain ridiculously fragmented. PDX can count on a perpetual revenue stream in any market they enter.
One of their most recent acquisitions was announced last week. The practice consists of three physicians and seven advanced practitioners who staff several of the hospital's units that have combined annual patient volume of more than 13,500 pediatric patient days, including more than 8,000 neonatal and 1,500 pediatric intensive care patient days. The practice also provides care in the well baby nursery, and manages the newborn hearing screen program at Tallahassee Memorial.
"We were very deliberate in our decision to join Pediatrix and we are excited about the opportunities that our integration into this national group of physicians will create for our patients at Tallahassee Memorial," said Todd Patterson, D.O. Dr. Patterson founded the practice in 1985, and will serve as Pediatrix's Medical Director at Tallahassee Memorial. In addition to his clinical duties, he is a member of the board of directors of Tallahassee Memorial Hospital and is the immediate-past Chief of Staff at the hospital.
Pediatrix's acquisition of the Tallahassee practice expands its national physician group practice within the State of Florida, from a base that includes neonatal physician services in Fort Lauderdale, West Palm Beach, Melbourne, Orlando, Tampa, and Pensacola, pediatric intensive care services in Fort Lauderdale, and pediatric cardiology services in South Florida.
Here’s what the boss has to say:
"By every measure, this was a very solid quarter that was part of an exceptional year for our national group practice," said Roger J. Medel, M.D., President and Chief Executive Officer of Pediatrix Medical Group, Inc. "During 2003 we identified new growth opportunities while remaining focused on managing our core newborn and maternal-fetal care operations. We added pediatric intensive and pediatric cardiology practices to our physician services platform and newborn metabolic screening to our existing newborn screening services. At the same time, we grew our existing operations with new neonatal hospital contracts and strong same-unit growth. We remain confident in our ability to execute our growth strategy."
He won’t be having any tantrums soon. % Long Term Debt of Capitalization is only 0.2%. They are fueling their acquisitions with the cash flow spewing out of their growth engine. What you have is an extremely well run company. In the event they needed to make a quick pickup, they have plenty of leverage capacity. The reason for this is that Return on Assets is 12.3% (versus Industry average of 7.3%) and Return on Equity is 15.1%. Pre-tax profit margins are 25%. There’s no phony accounting going on. They are filling their diapers with cash.
Now pass me some more apple juice while I watch the Final Four. If Oklahoma State beats UConn, I win my office pool.
_________________
=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
My annualized gain on this trade was 240% . Can you do that? You? YOU?? YOU???
Here's what they are saying about $$$MR. MARKET$$$:
$$$MR. MARKET$$$'s success is not only a result of his immense talent but also because of a killer mentality and unmatched mental strength. In today's game, there are many stockpickers of immense physical talent but few, if any, have what $$$MR. MARKET$$$ has from the shoulders up.
Many may consider his accomplishments somewhat monotonous, but I just sit back and relish the fact that I'm witnessing an stockpicker of historical proportions. And to think he's only 45 years old. Barring injury he'll have ten or more highly competitive years.
George, USA
$$$MR. MARKET$$$ has his best chance yet to complete the ''Grand Slam'. He has seized opportunities throughout his career. It's going to be a great thing to watch if he does do it.
Dave , USA
As with everything, his run will finally end and someone will catch up to him. But I am enjoying every minute of his success
Paul, USA
Can any body stop $$$MR. MARKET$$$? Yes - in the year 2001 he was stopped in majors by other players. He has some bad days as any one else does in any sport but he is a great player and plays with character and dignity.
Govid , USA
$$$MR. MARKET$$$ will still dominate and continue to win majors
Jay , USA
I hope this puts to rest any discussion of Warren Buffett being a serious challenger to $$$MR. MARKET$$$. Warren's about as close to $$$MR. MARKET$$$ now as Weiskopf was to Nicklaus 30 years ago.
Sean, USA
We need young stockpickers who are, or will be as fearless as $$$MR. MARKET$$$ was when he came to the stockpicking scene. For the time being though, $$$MR. MARKET$$$ will still dominate and continue to win majors
Jay, USA
As with everything, his run will finally end and someone will catch up to him. But I am enjoying every minute of his success. He is the Nicklaus or Palmer for this time period. It would be nice to see him have a rival to dual with on a consistent basis though. Good job, $$$MR. MARKET$$$!
Paul, USA
It is about time that the stockpickinging authorities realise that by lengthening courses like Augusta and Bethpage they are playing straight into his hands
Graeme , UK
It has to be said $$$MR. MARKET$$$'s contribution to the game of stockpicking is invaluable. I, like many others only got interested in stockpicking when $$$MR. MARKET$$$ came on the scene. I regard him as my role model even though we're the same age. It is his mental power that wins for him. Can't you draw comparisons between him, David Beckham and Michael Owen? They're all gifted but with that they had good upbringings in stable families plus they are very humble in success.
Tokunbo, Nigeria
$$$MR. MARKET$$$ is without doubt the best stockpicker in the world both at a mental level as well as talent wise. However, surely it is about time that the stockpicking authorities realise that by lengthening courses like Augusta and Bethpage they are playing straight into his hands.
This plus the technology used today, make's him unstoppable just because he hits the ball so far. Unless these issues are addressed and the players start having to use their brains or the weather is foul at Muirfield, I doubt if anyone can stop him.
Graeme, UK
$$$MR. MARKET$$$ has gone beyond being a legend; he now represents the game of stockpicking!
Andy, England
Ours is not to question why or even how but to simply sit back and marvel
Ron , USA
I find it curious and spurious that people continue to blame other stockpickers for the lack of rivalry to $$$MR. MARKET$$$. It's even more ridiculous when people try to throw Justin Rose or Adam Scott into the mix. The fact is, $$$MR. MARKET$$$ is one of those special stockpickers that come along once in a few generations, ala Michael Jordan, Pele, Ali, Jack Nicklaus. That $$$MR. MARKET$$$ does not have any close competition reflects more on his greatness than the other players' mediocrity.
Phil, David, Ernie, Sergio et al are really good players, perhaps as good as Trevino, Miller, Weiskopf, in Jack's day. But $$$MR. MARKET$$$ is SO good that he is head and shoulders above them. There will be another $$$MR. MARKET$$$, but not in another 50-100 years. Give credit where credit is due and sit back and appreciate the greatest stockpicker ever to play.
Robert, USA
In America they say there are two things you can count on - death and taxes. Well, it's time to add a third item. $$$MR. MARKET$$$ will win the Grand Slam this year. Ours is not to question why or even how but to simply sit back and marvel as a true master hones his craft.
Ron , USA
The whole world is raving about $$$MR. MARKET$$$. The good news is that my May Day winner will be coming very soon, if, and only if, you tell us how much YOU like $$$MR. MARKET$$$.
==============================================
Joined: 22 Sep 2003
Posts: 667
Posted: 30 Mar 2004 05:51 pm Post subject: PDX ==> The Spring is Here $$$MR. MARKET$$$ Winner
Smallville hospital has one neonatal doctor to cover the neonatal ICU. His malpractice premiums are over $100,000 a year and he makes $150,000 over that. He is tired and living check to check. His wife is banging the lawn man and he is too tired to care. Then along comes Pediatrix Medical Group, Inc (PDX). He now makes $200,000 a year, pumps iron, eats Nitrotech and gets busy with the nanny while his wife is now the laughing stock of the country club . His life is now bliss as he punts the bag that used to be Mrs. Doctor.
Look at poor Dr. McCoy. Do you think if he had PDX collecting his bills, he'd have to go out on a Starship to find work?
Today I bought PDX at 60.14. I will sell it in 4 to 6 weeks at 69.63. Here’s why I like PDX:
In the world of intensive care medicine the Michael Jordan's of the field are neonatologists. They have the game to nurse the 12 oz babies to health and send them home. However, solo practice is often not possible or wise. Caring for these Thumbelina's can take its toll on a physician. Enter PDX, a group practice model. Pay all the docs expenses and give them a check. Limit their hours with extensive cross coverage. Everyone pays for neonatal care, if the parents have no insurance then Uncle Sam steps in to cover. The restructuring of the company has paid off nicely. Pass the Pedialyte and count your cash, another $$$MR. MARKET$$$ marvel.
PDX stock is up over 163% in the last 52 weeks yet its PE is an extremely humble 17.6. The steady climb of its stock price is a model of consistency. Can you draw a straight line going up? Good…you’ve just drawn PDX’s chart. With an r^2 of 0.95, this is the price momentum of $$$MR. MARKET$$$’s wet dreams. For the chartists of the world PDX has been forming a very nice base for the last several weeks.
So start the sappy music. Here’s what PDX believes in:
• A dedication to the best possible patient outcomes;
• A belief in information systems to document the care provided, and to share knowledge among all professionals;
• A commitment to lifelong education; and
• A belief that the physician - the clinical professional who admits patients into hospitals, prescribes pharmaceuticals and diagnostic tests - has earned a seat at the table where the nation´s healthcare reform debate is taking place.
• Pedatrix's huge database of neonatal clinical outcomes. It gives group members access to neonatal clinical research. The ability to tap into this database helps them (better) practice medicine and helps with their clinical research.
Here’s what $$$MR. MARKET$$$ believes in….earnings earnings earnings. PDX, despite its runup, is still undervalued.
Pediatrix is now the only player of its type with a national presence. Highlights for the three months ended December 31, 2003, include:
• Earnings per share of 97 cents, up 33 percent from the comparable prior period;
• Revenue of $145.8 million, an increase of 22 percent, with strong same-unit revenue growth of 13.6 percent;
• Net income of $24.0 million, an increase of 26 percent; and
Plug these earnings into a valuation model and if we assume initial earnings of $84.4 million grow at a rate of 15.00%, and we discount those future earnings at a rate of 15.00%, we arrive at a net present value for the company's next 10 years of earnings of $844 million. To account for potential earnings beyond the 10th year, we estimate a growth rate of 6.00%, a discount rate of 12.00%, and we arrive at a continuing value of $1.49 billion. To complete the calculation we add these two figures together, subtract the long-term debt for PDX ($1.20 million), and divide by the outstanding shares (24.4 million) to get a per share intrinsic value of $95.82.
Combined, Pediatrix and its affiliated professional corporations employ more than 690 physicians in 30 states and Puerto Rico. Pediatrix is also the nation's largest provider of newborn hearing screens and newborn metabolic screening. They have 18% of the market and are growing. This is the classic roll up strategy which is so familiar with many $$$MR. MARKET$$$ winning stocks. Buying earnings at a discount price, then rolling them up and squeezing out overhead is a formula that works well, especially in businesses where price inelasticity is prevalent. Medicaid covers care for mothers and babies without insurance. PDX is a major US corporation with revenues of $551 million last year. They are here to stay.
Many doctors choose to join Pediatrix to avoid all of the insurance red tape. Pediatrix has the economies of scale to properly deal with insurers. MD’s can just concentrate on making sick patients well again and the younger docs love this. This makes it easier for PDX to make acquisitions because doctors have confidence they won't have to fight insurers or a Medicaid probe. PDX comes to these guys with cold hard cash to buy out their practices. The young doctors think of taking the money straight to Marine Max to buy a new boat. He'll drink 1000 beers and go out for a spin:
The PDX formula works. Divide and conquer. There's a long list of small practices with anywhere from four to 12 physicians in a very fragmented market. Pediatrix is playing Pac man. PDX can go out and acquire practices without competition for them, so they underpay. Pediatrix scouts out practices with good local reputations and doctors who fit in culturally and like the idea of practicing in a large group.
PDX has at least eight straight quarters of 26%-or-better earnings growth. Revenues have grown each and every year for the last 9 years. Over the last 5 years, sales growth has been 40% per year. ANALysts claim that PDX will bank $4.06/share in 2004. PDX always seems to beat their numbers. The company has already advised that they see $4.10 per share on the high end. $$$MR. MARKET$$$ sees PDX getting to $4.47/share in 2004 which would translate to a stock price of $78.67 which is well past my sell target.
PDX is also thumping on the vertical integration frontier. Last year PDX bought Neo Gen Screening, a Pittsburgh-based laboratory specializing in newborn metabolic screening. Renamed Pediatrix Screening Inc., it's the nation's largest such lab and boasts several proprietary methods to screen for genetic disorders in the first few days of a baby's life. Newborn screening is mandated by many states and Pediatrix's doctors will send all their genetic lab work to the new subsidiary. . Isn’t being a baby great? All you do is eat, sleep and when you dump in your pants, someone changes you.
And the customer base just keeps on coming. As long as the manufacturing process doesn’t change PDX will continue to receive patients. Childbirth occurs no matter what happens to interest rates, OPEC production or the price of the Euro. Pediatrics can go into a community and buy a couple of practices and already have the majority of the neonatologists in the area. Most other areas of healthcare remain ridiculously fragmented. PDX can count on a perpetual revenue stream in any market they enter.
One of their most recent acquisitions was announced last week. The practice consists of three physicians and seven advanced practitioners who staff several of the hospital's units that have combined annual patient volume of more than 13,500 pediatric patient days, including more than 8,000 neonatal and 1,500 pediatric intensive care patient days. The practice also provides care in the well baby nursery, and manages the newborn hearing screen program at Tallahassee Memorial.
"We were very deliberate in our decision to join Pediatrix and we are excited about the opportunities that our integration into this national group of physicians will create for our patients at Tallahassee Memorial," said Todd Patterson, D.O. Dr. Patterson founded the practice in 1985, and will serve as Pediatrix's Medical Director at Tallahassee Memorial. In addition to his clinical duties, he is a member of the board of directors of Tallahassee Memorial Hospital and is the immediate-past Chief of Staff at the hospital.
Pediatrix's acquisition of the Tallahassee practice expands its national physician group practice within the State of Florida, from a base that includes neonatal physician services in Fort Lauderdale, West Palm Beach, Melbourne, Orlando, Tampa, and Pensacola, pediatric intensive care services in Fort Lauderdale, and pediatric cardiology services in South Florida.
Here’s what the boss has to say:
"By every measure, this was a very solid quarter that was part of an exceptional year for our national group practice," said Roger J. Medel, M.D., President and Chief Executive Officer of Pediatrix Medical Group, Inc. "During 2003 we identified new growth opportunities while remaining focused on managing our core newborn and maternal-fetal care operations. We added pediatric intensive and pediatric cardiology practices to our physician services platform and newborn metabolic screening to our existing newborn screening services. At the same time, we grew our existing operations with new neonatal hospital contracts and strong same-unit growth. We remain confident in our ability to execute our growth strategy."
He won’t be having any tantrums soon. % Long Term Debt of Capitalization is only 0.2%. They are fueling their acquisitions with the cash flow spewing out of their growth engine. What you have is an extremely well run company. In the event they needed to make a quick pickup, they have plenty of leverage capacity. The reason for this is that Return on Assets is 12.3% (versus Industry average of 7.3%) and Return on Equity is 15.1%. Pre-tax profit margins are 25%. There’s no phony accounting going on. They are filling their diapers with cash.
Now pass me some more apple juice while I watch the Final Four. If Oklahoma State beats UConn, I win my office pool.
_________________
=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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