MDF was recommended by Upside at $5.45 in Investment Digest issue 700, dated August 3, 2011.
“Metropolitan Health Networks’ (MDF) March-quarter earnings per share were $0.19, flat from a year earlier and a penny below the two-analyst consensus. Sales more than doubled to $195 million, partly reflecting the acquisition of Continucare in 2011. The company, a leading managed-care provider in Florida, served nearly 79,000 members on March 31.
“The stock has retreated in recent weeks, partly hurt by worries that nearly all of Metropolitan’s revenue is derived from health plans operated by Humana. Still, the company seems positioned for solid growth, spurred partly by steady membership gains. In addition, shares are attractively valued at less than 14 times trailing earnings. The stock, which rallied 8% today on the solid quarter, is a Best Buy.”
- Richard J. Moroney, Upside, May 8, 2012