RE:RE:Comparable Yeah I read how they're trying to switch from a pay per visit to more of a health plan type model, but in my mind that means they have all the same risks/rewards as going after EAP plans only potentially with lower margins. Also they really don't have much in the way of cash to pursue M&A with 20 mill cash at the end of last quarter and I think it was 12 million raised through a bought deal. Small time with big losses, no cash, and unknown prospects. I could see this valuation for them when things were peaking but I just don't get any of it now.
I'll definitely keep an eye out fo rtheir financials on the 31st! Thx.