Potential double-digit gains by Oct 30 with SUNH
Today's Financial News - Posted October 27, 2008
This healthcare provider could see a quick jump in stock price on October 30 when its Q3 results are announced.
By Laura Cadden, TodaysFinancialNews.com
Baltimore – (TFN): Sun Healthcare Group, Inc. (NASDAQ:SUNH) runs over 180 nursing centers in the U.S. and provides rehabilitation, inpatient and medical staffing services.
On October 30, the company will announce its third quarter results and all indications are that they should be promising.
Fundamentally, I like the Sun’s P/E of 7.7 and Forward P/E of 9.63, but what I’m really looking at is the short-term potential…
At the beginning of the month, the California-based healthcare provider announced that it had discontinued operations at five centers and that it had a lower than anticipated interest expense on its variable rate debt.
Analysts estimate EPS this quarter to be up 36.30% to 20 cents. The company has exceeded analysts’ estimates for the last five quarters – and it very well may do the same on Thursday.
With good third quarter results in these depressing times, this company’s stock price will jump and if you get in now, you could see double-digit gains in just a few days.
I recommend you buy shares of Sun Healthcare Group, Inc. (NASDAQ:SUNH) at or under $11.
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