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Wall Street Grand Report
Company: Medical Connections Holdings Inc. (OTCBB: MCTH)
Current PPS: $0.47
The White House just announced nearly $1 BILLION in Recovery Act funds are designed to help healthcare providers advance health information technology (IT) and train thousands of workers for future healthcare jobs!
This industry is ready to explode and our new pick MCTH is positioned perfectly to capitalize! In fact, MCTH is the only company I am aware of with only a $24 MM market cap that could become a major leader in this industry! Most of MCTH‘s main competitors (ASGN, CCRN, and AHS) have market caps of over $200 MM while MCTH is growing hand over fist at only one tenth of the valuation of these competitors! I can’t believe MCTH is only $0.47 especially since they are in final stages of potentially completing an acquisition of a company who just had $50 MM in revenue!
MCTH is growing rapidly with now over 85 employees growing more than 500% in the last three years!
The demand for this industry is BOOMING! According to the U.S. Census Bureau, the United States population will increase 12% by 2020. Beginning 2012, a rapid increase in the elderly population will lead to dramatic demographic changes. Between 2012 and 2020, the population younger than age 65 will maintain an annual growth of 9 percent, while the population age 65 and older is projected to grow by about 50 percent. This will also lead to a significant increase in the number of people in need of healthcare. Estimates predict an increase upwards of 36 million individuals, of whom almost 24 % will be age 65 and older. The aging population of baby-boomers is entering into retirement age with ever-escalating demands for healthcare services. The baby-boomers are not only the largest part of the U.S. population, but also are the biggest spenders for healthcare services! As more baby-boomers approach retirement, those expenses will increase dramatically,
reaching a projected $4.2 trillion by 2016!
Remember, by 2017 it is estimated that one out of every $5 spent in this country will be on health care!!
MCTH is growing year over year and nobody is even following it! Over the past three years, MCTH reports that it has grown revenues 380% or an average of over 100% per year!!!
That’s right everyone we are talking about TRIPLE DIGIT GROWTH for MCTH!
MCTH is very impressive with revenues growing from $2.2 MM in 2006 to $4.8 MM in 2007 to over $7 MM in revenue for 2008! The Company also has ZERO DEBT on its balance sheet!
Remember, there is nothing better than strong fundamentals!
MCTH is also looking to take the Company to a whole other level recently entering into a Letter of Intent to acquire a national healthcare staffing company, whose 2008 revenue exceeded $50 Million!!! MCTH has stated that it is in the final stages of completing this acquisition and hopes to have it completed within the first quarter of 2010 !
If you haven’t yet please read our profile and START YOUR RESEARCH! Tomorrow should be a good day for this undiscovered new issue!
More Updates To Come …
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