RE:RE:RE:APH MARKET CAPAnother little point I forgot to add about why I decided to enter the sector. The fact that Manulife (I am pretty sure it is them and not GWL) has begun to accept medical claims submissions regarding MM. That certaily lends some legitimacy. If anyone does their homework and due diligence, it is insurance companies. When more come on board, that will certainly give a bit of a lift to the space.
As we were mentioning, balance sheets are just not there to support the prices for a lot of these companies. They need time to prove out a track record. But as they are growing, how they are analyzed is different as opposed to when they are operating. A comment I read off the GLH board really sums up the situation and sophisticaiton of people in this space - something to the effect of 'the shares are trading cheap compared to its potential'. This is why when most advisors and money managers are asked what they think of the space, they likely won't be in for about another 1-2 years. Because right now the landscape will be shifting and changing so much that the risks are too high. They have seen these things before. Whereas a lot of people getting into these stocks think they are so smart because they are 'in early'. Smarter people know we are in shark infested waters. They will let the sharks feed off the unsuspecting ones, and come in after the sharks have left.