LOS ANGELES, Nov. 10, 2008 -- RadNet, Inc. , a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of 165 owned and operated outpatient imaging centers, today reported financial results for its third quarter ended September 30, 2008.
LOS ANGELES----RadNet, Inc. , a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers, provided today details for its previously announced third quarter conference call to be held on Monday, November 10, 2008 at 7:30 a.m.
RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers,
RadNet Inc. (RDNT), an operator of medical diagnostic imaging centers, reported first quarter results in May that were nothing to write home about – the company recorded a loss of $5.5 million, or $.15 per share, due to some one-time costs, however it did reaffirm full-year revenue guidance of between $470 million and $500 million. And there has been some notable trading action as of late, though it still remains illiquid by most standards.
We recently pulled the most recent 13-F of the Bill and Melinda
Gates Foundation to track its holdings and recent performance. Due to
Warren Buffett's generous donation, the Foundation is loaded with
Berkshire shares. At the end of 2007, BRK/B made up 46% of the
Foundation's equity holdings. Because of Berkshire, the Foundation is
heavily overweight the Financials sector at 46.93% (vs 17.58% for the
S&P 500). It is also overweight Healthcare, Consumer Staples and
Industrials. The Foundation is underweight Telecom, Consumer
Discretionary and Energy, and it has a 0% weight in Technology,
Utilities and Materials.
Notable Calls submits: Jefferies is out with an interesting call on RadNet (NASDAQ:RDNT), upping their target to $12 from $8 and saying that despite the recent move in RDNT, they believe the stock still has substantial upside from current levels. The new price target reflects earnings upside that the firm believes will come from acquisitions, better-than-forecasted organic growth, and Radiologix synergies.
They consider their current EBITDA estimates of $75 million in 2007 and $81 million in 2008 to be wildly conservative. These estimates do not include 1) contribution from recently announced acquisitions (Borg Imaging and Rockville Open MRI), 2) contribution...
LOS ANGELES, Nov. 10, 2008 (GLOBE NEWSWIRE) -- RadNet, Inc. (Nasdaq:RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of 165 owned ...
LOS ANGELES--(BUSINESS WIRE)--RadNet, Inc. (NASDAQ:RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated ...
LOS ANGELES--(BUSINESS WIRE)--RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated ...
LOS ANGELES--(BUSINESS WIRE)--RadNet, Inc. (NASDAQ:RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient ...
LONDON (MarketWatch) -- RadNet swung to a second-quarter loss of $2.15 million, or 6 cents a share, hurt by settlements, financing expenses and stock compensation expenses. Revenue rose to $127 million from $107 million on improved volume in existing centers as well as acquisitions, the diagnostic imaging services provider said. It reiterated 2008 guidance for revenue between $470 million and $500 million and adjusted earnings before interest, tax, depreciation and amortization between $100 million and $115 million.
RadNet Inc.'s fourth-quarter loss widened to $11.7 million, or 33 cents a share, from $11 million, or 35 cents, a year ago, due in part to an $8.5 million reduction in revenue due to an increase in the allowance for accounts receivable. RadNet had 35.5 million shares outstanding in the most recent period, while it had 31 million shares outstanding in the fourth-quarter of 2006. On average, analysts polled by Thomson Financial expected earnings of less than a penny a share. Analysts estimates usually exclude items. The Los Angeles provider of diagnostic imaging services said adjusted revenue increased 8.4%...
U.S. stock market futures pointed to another dark day of trading on Friday, with markets again rattled by credit-market jitters, prompting a fresh injection of cash by overseas central banks. Countrywide Financial dropped 19% in pre-open trade after the mortgage lender said future profits may be hurt by the "unprecedented" credit market disruptions.
LONDON (MarketWatch) -- Diagnostic imaging services company RadNet Inc. said that current conditions in the debt markets means that it will defer its $445 million debt refinancing plan. Instead, GE Healthcare Financial Services, a unit of General Electric , has agreed to arrange for RadNet an incremental $35 million as part of its existing credit facilities.
WASHINGTON (MarketWatch) -- RadNet Inc. said it's working to arrange a $445 million senior secured-credit facility with the aim of refinancing outstanding debt. GE Healthcare Financial Services, a General Electric Co. subsidiary, has agreed to arrange the facility, which encompasses a $400 million term loan and a $45 million revolving credit line, Los Angeles-based RadNet said. As a result of the refinancing scheduled to close in August, RadNet expects to save about $5.4 million a year on interest costs. Shares of RadNet, which operates a network of outpatient imaging centers, added 6 cents to end Tuesday's trading at...
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RadNet Inc. (RDNT), an operator of medical diagnostic imaging centers, reported first quarter results in May that were nothing to write home about – the company recorded a loss of $5.5 million, or $.15 per share, due to some one-time costs, however it did reaffirm full-year revenue guidance of between $470 million and $500 million. And there has been some notable trading action as of late, though it still remains illiquid by most standards.
Hickey and Walters (
