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Message Boards Settings Cross Country Healthcare, Inc. - Quote Info
Stock Action     29-Feb-08 04:46 pm    
CCRN matched its 5-yr low today at $10.85. With earnings out 3/3 after the close, I can see 5 cataylists for a higher stock price.

1)Stock buyback in place 1.2 million shares left-average price paid in the 3rd Q was $15.78. I expect mgt to increase buyback and be aggressive after earnings are released
2)According to AHS's CC, hospital admissions could be up 1-2% in 2008 vs flat numbers the last 4 years
3)More snow birds have increased their seasonal travel to CA, AZ and FL this year increasing demand as per AHS's CC
4)Stock at a 5 year low implying the business is in trouble when it is not
5)AHS trades at about 14X 2008 estimates, CCRN at the same PE would be $12+

In summation, CCRN should make earnings estimates for the 4th Q and perhaps miss revenue numbers by a few million, but guidance for 2008 should be strong with mgt aggressive towards stock buybacks.


Sentiment : Strong Buy
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commandor58

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  Subject Author Rating Time of Post (ET)  
 
Stock Action
commandor58 Not rated 29-Feb-08 04:46 pm  
 
So much for AHS's recent uptick in order trends tr...
commandor58 Rate it 3-Mar-08 08:32 pm  
 
Lucked out-sold in the 10.90s to take a small...
commandor58 Rate it 4-Mar-08 10:29 am  
 
You know how to pick a bottom! Let me k...
jr330762 Rate it 25-Jun-08 12:52 pm  
 
CCRN holding above the 50 dma...AHS just...
johnv60 Rate it 16-Jul-08 03:17 pm  
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Cross Country Healthcare, Inc. (CCRN)

Chart for Cross Country Healthcare, Inc. (CCRN)
At 10:54AM ET: 9.94 Down 0.02 (0.20%)
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