Posted on April 29, 2022 by Josh Ebben
A few thoughts to start the day. . .The first pick in the draft by Breakout Investors was InfuSystems (INFU) which announced after the market close that it entered into a three-year service deal with a tier one global healthcare technology company. That global healthcare company . INFU will provide service and repair for more than 300,000 pumps located in 1,200 medical facilities, including 800 hospital systems in the U.S. and Canada. It could generate an estimated $10-$12 million of annual revenue. The company said, “This master service agreement could potentially lead to additional opportunities to serve this customer to provide other products and services we offer.” Aaron Warwick does a great job following INFU and commenting in his room he called the significance of this contract “MASSIVE.” Aaron also breaks the news on The Feed that “INFU’s new agreement is with GE Precision Healthcare. Great win for INFU.” With a market cap of $150M and shares closing at $7.43 INFU is clearly due for some buy attention.
Quipt Home Medical Corp (QIPT), also followed by Aaron in his Breakout Room, announced the execution of a national insurance contract with a top five health insurer. . . I continue to accumulate Bel Fuse (BELFB), an undervalued tech company with a market cap of $215M. They manufactured another good quarter yesterday – Q1 GAAP EPS of $0.41 beats by $0.17, revenue of $136.7M beats by $7.07M. “Bel continued its strong momentum with a great start to 2022 and we are pleased to announce the fifth consecutive quarter of year-over-year sales growth with improved margins. All three business units are performing exceptionally well, and demand remains strong. Our backlog of orders continues to build due to increasing demand.”
On the Feed Florian Buschek has a post, “There has only been a few weeks in all of modern history where retail investors have been more bearish on equities than they are currently. 1990 and March 2009.” . . .Scott Wren, Wells Fargo said, “Our message to our clients is that yes interest rates are higher but if you look back at last 6 or 7 hiking cycles what sectors have done the best? Technology.”. . . “I made my money the old-fashioned way. I was very nice to a wealthy relative right before he died” — MALCOLM FORBES. . . Good luck to all.
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