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fonar value play
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[QUOTE]Originally posted by raybond: [QB] Intrinsic value increased to $20 per share . FONR is an undervalued company. I am glad to see it in the $11.90 per share range. They are in a growing business and a nicely profitable business. The company is bringing in $70 million per yr in revenue. Balance sheet is strong. They have increased their cash position to over $11 million. And cash flow from operations is $10 million per year. I see that the prior year’s Q3 quarter was announced on May 15, and we are likely to see earnings released around that date again this year. I project that FONR will have $18 million in revenue for Q3 and will have $2.2 million in net income (or a hefty $0.35 per share). This would be significantly better than the prior Q3. The capabilities of FONR’s products are being recognized and acknowledge throughout the world now and this will show even more as time moves onward. Based on liabilities, assets, revenue, margins, and cash flow, I see that FONR is intrinsically worth $124 million. With only 6.2 million shares outstanding, that means FONR is intrinsically worth $20 per share. That is a conservative valuation. If FONR exceeds $0.35 per share, then FONR is likely to see significant upside beyond $20 per share [/QB][/QUOTE]
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