Care to elaborate balance?
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is it 50c really on the way
Hi Joh,welcome to you,
There’s quite a lot of guidance provided by Pacific Edge for 2014,
1. A conclusion to the CMS (Medicare/Medicaid) sign up process in early 2014 depending on Obamacare requirements, PEB are already a Medicare provider. As I understand there is an industry wide backlog of processing in satisfying Obamacare requirements so we must be patient.
2. The launch of new product Cxbladder(triage) in Q2, so any day now.
3. The launch of new product Cxbladder(predict) in Q4.
4. In October last year Pacific Edge told us that they were targeting sign up’s with Kaiser Permanente, Intermountain and others which would take 12 months of negotiations to conclude. So only seven months to run with this anticipation now.
5. The launch of new product Cxcolorectal which “has completed clinical trials and is preparing for commercial launch”.
6. “Tens of thousands of sales in 2014”, which I’m interpreting as calendar year guidance.
7. The opening up of new markets in Spain and possibly Asia.
I’m treating this "snakes n ladders" dip as a long term investment gift, 35% of recent highs and a DCF valuation of $1.70. Although I suspect that with the above guidance we may all be revising valuations upward at FY14 reporting in just six weeks time.
Disc: Buy (no change)
Back in early November, 114/115 held before the sp rose to 160 and then later into the 170s. Not unwise to buy today into this support.
To mitigate risk, a stop loss say around 112 would limit any potential loss to 2%, with quite a bit of upside IMO. Risk / Reward looks manageable.
The 'smell' is people pissing their pants......
I'd say a couple of stops got triggered at 1.19 and hence the quick drop