The overall tape still concerns me, and even though AHG is
significantly lower than the April 52 week high of $34.36, I still think there
may be some further room on the downside. That being said, AHG already reported 2Q EPS on July 31 and although full year guidance was not great, it was far from a disaster. However, with a relatively small float and a large short interest of around 21%, the bears will use the weakness of the overall tape to push the stock lower. I think we should use any bearish price action as a buying
opportunity, especially if we see AHG down around $24.00.
Wednesday, August 15, 2007
A Good Healthcare Pick?
This guy is saying that Apria Healthcare (AHG) is that stock. It isn't something to buy now but it certainly is something you can buy cheap when this credit crunch is over. I think there are all kinds of these kinds of "stocks on sale" in this market if you dig deep enough and have some patience to wait out the storm.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment