RXMD - DD is solid - closed @ $.0148 Friday Sept 2
Post# of 103044
Progressive Care (RXMD)
With the share price currently under 2 cents a share RXMD is one of the most undervalued stocks we have ever seen!
Progressive Care (RXMD) through its 100% owned subsidiaries PharmCo and Smart Medical Alliance is quickly becoming one of South Florida's leading health services organisations.
RXMD 2017 revenues are going to hit $20-$22 million (NEW RECORD)
When we say it is one of America's most undervalued stocks WE MEAN IT! Warren Buffett would be hard pressed to find better value
Just look how undervalued analysts estimate RXMD to be:
The market cap of a company in this sector (Drugs/Pharmaceutical) easily reaches 4x the P/S ratio...so for 22M revenues in 2017 the RXMD price per share fair market value, not even taking its constant market expansion into account, should be around 26+ cents. (currently trading under 2 cents, extremely undervalued!)
With its current market cap of just 6M RXMD is 15x fold undervalued compared to hundreds of listed companies in this sector. It's very rare to find such an undervalued stock trading at this level! Now is the time to buy shares of RXMD!
For the 2nd quarter of 2017 RXMD reported revenues of $5.1 million, an increase of 15% or $656,000 from Q2 2016
For the six months ended June 30, 2017, RXMD increased overall revenues to approximately $10.2 million, an 18% increase over the same period in 2016
For the three and six months ended June 30, 2017, RXMD gross profit increased 10% and 35%, respectively,
RXMD filled A WHOPPING 108,000 total prescriptions dispensed for the six months ended June 30, 2017
In August 2017 alone RXMD recorded $1.8 Million in revenues from filling 20,000 Prescriptions for that month!
Revenues are forecast to continue increasing quarter over quarter year over year
RXMD has over $2.4 MILLION in assets
RXMD has slashed it's debt and has a VERY STRONG BALANCE SHEET!
CEO says no dilution, they are committed to building shareholder value and recently retired 1.7 million common shares
CEO says that prior to the end of 2017 they will be uplisting to the OTCQB. The NASDAQ uplisting will be next as the company actively courts institutional investors
CEO also just announced a new appointment to the Board of Directors, Oleg Firer.
This is a HUGE STRONG BUY NOW signal if ever there was one apart from all the other amazing things going on with Progressive Care (RXMD)
Oleg Firer is regarded as one of Florida most successful businessman and a Wall Street heavy hitter. He takes companies like Progressive Care (RXMD) to the next level. Check out these awesome recognitions he has received!
-recognized by Forbes as one of the 5 Incredible Entrepreneurs and by Business Leader Magazine
-recognized by Business Leader Magazine as Top Entrepreneur in South Florida
-named by Poder Magazine as one of the Most Influential People in Miami
-recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Under his leadership, Unified Payments' revenues grew by 23,646% over a 3-year period
CEO says that expansion plans are happening now, RXMD is getting licensed in all 50 states as it builds a national brand
CEO says they are in varying stages of the negotiating process with potential acquisition targets as part of their expansion plans and will close on one before the end of the year!
Progressive Care (RXMD) has been awarded a 5-Star Rating based on the ratings provided by various insurance carriers.
With this stellar rating Progressive Care (RXMD) is in some amazing company!
Rated among the top 10% of all Pharmaceutic Benefit Networks in the NATION Progressive Care (RXMD) is right there with the big players and a major buyout target in the State of Florida.
With the sector becoming increasingly competitive larger players are scooping up smaller successful pharmaceutical chains. Both CVS and Walgreens are very active in the acquisition arena
Will Progressive Care (RXMD) be acquired by CVS or Walgreens?
As Progressive Care (RXMD) success continues it is highly likely to be acquired by a larger player in the industry.
The CEO has no comment on if the company has been approached by CVS who recently acquired Navarro Discount pharmacy chain as it extends it's reach into the Hispanic sector in South Florida AND who along with Walgreens are aggressively buying up smaller successful chains to gain their market sector!
What make Progressive Care (RXMD) even more attractive with added value is that it is more than a traditional retail pharmacy, they also work with leading Hospitals, Medical centers and Doctors on providing:
-Healthcare Services
-Medical Equipment
- RXMD also sets itself apart by providing Specialized medicines for:
HIV/Aids
HEP C
Cancer Medications
More About Progressive Care (RXMD):
Through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and a leading regional provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, utilization management, quality assurance, billing and coding, health practice risk management, and the supplier of prescription medications to long term care facilities.
Summary
With business booming and new revenues records being set year over year, now is the time to buy shares of this overlooked stock before the market catches up!
Insiders own a huge percentage of the outstanding shares and are committed to making the company a national brand!
RXMD is a rare find and without doubt one of the best stocks to buy now!
Record sales, perfect share structure, transparent with financials audited and management committed to building shareholder value!
Soon the share price will start to catch up with the revenues. Follow the insiders, they know whats coming! Do not get left behind!
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