ATEC
ATEC, a small medical equipment company (market cap $215 millio
n). It went to public in July via IPO at about $9.0 and has been falling to about $4.75 recently, and management, insiders, and institution buyers, have been buying this one all way down. Impressive. This company reminds me a lot like EVVV. Tremendous sales growth, improvement of gross profit margin, a decent portfolio of products, strong management, impressive operating matrix (sales headcount, physicians signed, surgeries performed etc). The company is almost breakeven on a cash-basis, and has a clean balance sheet. The company is also provided very strong and aggressive guidance for the next two quarters, and provided strong margin outlook for 2007. In the healthcare industry, this is also somewhat defensive, although the stock has quiet high beta.
My only concern is with the macro environment. I will put this name on my watch-list and may open a position if opportunity arises.
No position.
n). It went to public in July via IPO at about $9.0 and has been falling to about $4.75 recently, and management, insiders, and institution buyers, have been buying this one all way down. Impressive. This company reminds me a lot like EVVV. Tremendous sales growth, improvement of gross profit margin, a decent portfolio of products, strong management, impressive operating matrix (sales headcount, physicians signed, surgeries performed etc). The company is almost breakeven on a cash-basis, and has a clean balance sheet. The company is also provided very strong and aggressive guidance for the next two quarters, and provided strong margin outlook for 2007. In the healthcare industry, this is also somewhat defensive, although the stock has quiet high beta.My only concern is with the macro environment. I will put this name on my watch-list and may open a position if opportunity arises.
No position.
posted by ZIGZAG at 8/15/2006 08:25:00 PM
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