What you keep doing is misquoting me and then knocking down your own straw man.
The practices having no value would of course be the worst situation and obviously from the figures this is not the case. What I have suggested is the practices were able to maintain there value because there was big medicare dollars available. Once this went away the profitability collapsed. Now "in the new era" there is a new medicare scheme and 1300 are milking it for all they can get and this combined with a big acquisition I suggest is the reason for the profit growth. Why no acknowledgement of this in the annual report. To me the MD's annual report comments always read like a share sales pitch. My reference to the trade receivables was not that they are insecure but it was to suggest that if this is approx. 30days credit then 1300 MAY be doing approx. $1.4 million a month for medicare. In the past this did not prove to be a reliable income source.
I have not been predicting their downfall I have just been saying in my opinion they are over-priced and the profits are not sustainable and I think I have been correct to some extent.
I am giving an opinion. You obviously feel so passionate about your success to date with this stock you are taking it personally. Why don't you go look up how many years it took ABC to go from GO to WOE!
It may end it woe or it may not but I would not hold much hope of getting my 6 bucks back in a few years time unless there is a merger or buyout of the whole company.
ONT Price at posting:
$6.60 Sentiment: Sell Disclosure: Not Held
