4/5/08
HMSY -21.85 -4.32 -16.51%
previous post:
"this stock has matched it's 1996 peak, could be a short candidate in the
near term
entry : $22 for short "shear" bounce [legdown intraday to gap at $20??]
"
Short % of Float (as of 11-Mar-08): 10.40% <--squeezable shorts?
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entire previous post:
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hmsy
P/E (ttm): 49.98
PERIOD ENDING ...31-Dec-07 .30-Sep-07. 30-Jun-07. 31-Mar-07
Retained Earnings .20,187 .. 16,151 .. 12,010 ... 8,203 <-----
Total Revenue .....41,668.. 37,684 . 35,061. 32,238 <===
Sale (buy) Stock... 2,737 .. 2,097 .. 1,093.... 650
Net Borrowings... (1,575)... (1,575).. (1,575).. (3,150) <----
..
Qtrly Revenue Growth (yoy): 23.90% <----V. Good
Qtrly Earnings Growth (yoy): 116.40% <===YO BUDDY XLNT-O
Total Debt (mrq): 23.63M <---16% of revenue ..bit high
..
Shares Short (Feb08): 2.07M
Shares Short (as of 11-Mar-08): 2.50M
Short % of Float (as of 11-Mar-08): 10.40% <--squeezable shorts?
..
HMS Holdings Corp., through its subsidiaries, provides cost containment
and
payment accuracy services government-sponsored health and human services
programs in the United States. It offers coordination of benefits, cost
avoidance, and program integrity services. The company's coordination of
benefits services route claims already paid by a government program to
the
liable third party, which then reimburses the government payor; cost
avoidance services provide validated insurance coverage information that
is
used by government payors to reject claims that are the responsibility of
a
third party, typically a group health plan sponsored by a beneficiary's
employer; and program integrity services review claims paid by government
programs, identify payments errors, and then recoup the erroneous
payments.
It also provides independent external medical review on issues of quality
of care, medical necessity, and experimental/investigational treatment to
both state government and private clients. The company serves State
Medicaid agencies, government-sponsored managed care plans, child sup****t
agencies, SCHIP programs, the Veterans Health Administration, and other
public programs. HMS Holdings was founded in 1974 and is headquartered in
New York, New York.
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..
..the acquisition on September 13, 2006, of all of the assets used
exclusively or primarily in the Public Consulting Group, Inc (PCG)
Benefits Solutions Practice Area (BSPA) for $96.2 million in cash and
1,749,800 shares of our common stock valued at $24.4 million. BSPA
provided a variety of cost avoidance, insurance verification, recovery
audit and related services to state Medicaid agencies, children and
family services agencies, the U.S. Department of Veterans Affairs, and
the Centers for Medicare and Medicaid Services.
--------
To finance the acquisition of BSPA, we also entered into a credit
agreement (the Credit Agreement) with several banks and other financial
institutions with JPMorgan Chase Bank, N.A. (JPMCB), as administrative
agent. The Credit Agreement provides for a term loan of $40 million (the
Term Loan) and revolving credit loans of up to $25 million
-----------
On October 5, 2007, HMS Holdings Acquisition Corp purchased the net
assets of Peer Review Systems, Inc. doing business as Permedion, an
independent health care quality review and improvement organization based
in Westerville, Ohio. With this acquisition, the Company augments its
****tfolio of program integrity service offerings for state Medicaid
agencies and managed care organizations. Permedion provides independent
external medical review on issues of quality of care, medical necessity
and experimental/investigational treatment to both state government and
private clients across the country. The Company works with government
agencies, including Medicaid, Medicare, state insurance departments and
corrections departments to help ensure that services are billed
appropriately and that the care provided is medically necessary. The
purchase price was paid in cash and was accounted for under the asset
purchase accounting method. The acquisition of Permedion did not have a
material effect on the Company's fourth quarter or fiscal year 2007
earnings or liquidity
-----------
Share based compensation expense will be higher in 2008 resulting from
the fourth quarter 2007 stock option grant made to officers, executives,
management and board members.
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..
http://stockcharts.com/charts/gallery.html?hmsy
..
this stock has matched it's 1996 peak, could be a short candidate in the
near term
entry : $22 for short "shear" bounce [legdown intraday to gap at $20??]
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