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CADV – may be on verge of announcing profitability…
Looks like 3rd Quarter 2006 could be the break-through quarter they report profitability. Steady growth occurring with forecast of more growth coming. The trend is your friend.
Revenue Shows steady increase over last 4 quarters: 2ndQ-06 = $1,095,000 1stQ-06 = $945,000 4thQ-05 = $898,000 3rdQ-05 = $754,000
EPS Earnings show steady increase over last 4 quarters and nearly profitable last quarter: 2ndQ-06 = ($41,000) 1stQ-06 = ($204,000) 4thQ-05 = ($228,000) 3rdQ-05 = ($395,000)
Shares O/S = 56.7 million Float = 49.2 mil
No major red flags - such as big S-8’s, SB-2’s, lawsuits against company, etc. Positive shareholder equity of $271,000.
From most recent 10Q for CareAdvantage, Inc.: The Company believes that the Management Services business has the potential to generate positive cash flows for the Company. As of April 1, 2006, the Company amended its Services and License Agreement with Kaiser Foundation Health Plan of the Northwest (“Kaiser”) dated as of January 1, 2005, to provide Kaiser more extensive services in exchange for increased compensation. As of June 1, 2006, the Company amended its Services and License Agreement with Blue Cross Blue Shield of Texas (“BCBSTX”) dated as of August 18, 2003, to provide BCBSTX more extensive services in exchange for increased compensation. <b> Management believes that opportunities such as this will enhance business prospects, facilitate a more significant market penetration and improve revenues and profitability for the Company.</b>
-Generated positive cash flow -2 large companies increased contracts and adding another contract with a large healthcare group -No long term debt
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CADV * 0.018 may log a profit for 3rd Quarter 2006 which ends Friday. Could be the break-through quarter. Steady growth occurring with forecast of more growth coming. The trend is your friend.
Revenue Shows steady increase over last 4 quarters: 2ndQ-06 = $1,095,000 1stQ-06 = $945,000 4thQ-05 = $898,000 3rdQ-05 = $754,000
EPS Earnings show steady increase over last 4 quarters and nearly profitable last quarter: 2ndQ-06 = ($41,000) 1stQ-06 = ($204,000) 4thQ-05 = ($228,000) 3rdQ-05 = ($395,000)
Shares O/S = 56.7 million Float = 49.2 mil
-No major red flags - such as big S-8’s, SB-2’s, lawsuits against company, etc. -Positive shareholder equity of $271,000. -Generated positive cash flow -2 large companies increased contracts and adding another contract with a large healthcare group -No long term debt
From most recent 10Q for CareAdvantage, Inc.: The Company believes that the Management Services business has the potential to generate positive cash flows for the Company. As of April 1, 2006, the Company amended its Services and License Agreement with Kaiser Foundation Health Plan of the Northwest (“Kaiser”) dated as of January 1, 2005, to provide Kaiser more extensive services in exchange for increased compensation. As of June 1, 2006, the Company amended its Services and License Agreement with Blue Cross Blue Shield of Texas (“BCBSTX”) dated as of August 18, 2003, to provide BCBSTX more extensive services in exchange for increased compensation. Management believes that opportunities such as this will enhance business prospects, facilitate a more significant market penetration and improve revenues and profitability for the Company.
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