A Fair Balance Sheet with Nobilis Health

04/05/2017 2:50 am EST


Bill Mathews

Editor & Founder, The Cheap Investor

Nobilis Health (HLTH) owns and manages ten ambulatory surgical centers and acute-care and surgical hospitals in the United States. 

The company has a fair balance sheet with $25 million ($0.32 per share) in cash, a book value of $1.70 per share and a debt of $84 million.

For the quarter ended December 31, 2016, institutions purchased 400,000 more shares than they sold. The negative factor is the stock price has been on a downward trend.

In April 2015, Nobilis Health was a hot stock, trading as high as $9.34 per share. Now that the price has fallen about 80%, we think it’s time to buy. If Nobilis continues to grow its revenues and earnings, the stock could move 50% to 100% from this low point.

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