Auxilio (AUXO)
from The Quiet Investor
I still like Auxilio (AUXO), though it is up only a dime or so since the beginning of the year.
The first quarter was a bit disappointing, with earnings negligible and down from the $0.04 of the final quarter of 2013. Mostly they were one-off expenses, plus patient declines resulting from the weather in the Northeast where most of their hospitals are located.
We expect earnings to resume a more robust pattern in the quarters to follow. The company is working on several large hospital groups to sign on with their managed print services, and has also initiated an ancillary service that helps hospitals with other intellectual property concerns.
We are holding in the absence of any recent news, and expecting positive announcements of incremental earnings in the coming quarters.
John Gay, The Quiet Investor, 32 Kyle Ct., Willowbrook, IL 60527, 630-654-1254, July 1, 2014