This company is filling a hole and servicing a niche in the emergency care market. It is expanding its clinics and once it goes multi state (other than the one already existing in the MidWest) then this stock should have a nice return. Not a barn burner but a practical play with a decent upside!

I noticed this headline when I looked at the company "ER Urgent Care Centers Receives Favorable Independent Analyst Report" http://biz.yahoo.com/iw/060711/0143201.html ... but they didn't attach the report... Do you know where I can find this? Also do you know if they have put out any recent financial data?

I found it at http://www.otcreporter.com. Search for it and then select the appropriate news release. Hope that helps.

Look under their "Feature reports". Sorry about that!

OTC Value Watch pegs ERUG at 0.51 having zero debt and expansion plans in Texas, Georgia, Florida, etc.

http://biz.yahoo.com/iw/060821/0154799.html

Did a little more DD and visted their website.

Quite a bit of activity going on now that they are expanding.  One facility in florida treated their 25,000th patient.  

Their facility uses board certified ER physicians, has their own lab, x-ray, and now their own pharmacy.

With the contracted savings to HMOs and PPOs for after-hours treatment, I see ER Urgent care growing significantly.  How nice it would be to visit a clinic after hours and not have to go to the ER.

I'm glad I picked up a few thousand shares of this one.  Thanks for the recommendation.

Bill

Yeh its a "hospital 7-11" so to speak! On another board they are really hacking this stock down with scares of voodoo finances and bailed out fund managers. Its funny the different prespectives on each website on stocks! Its kind of hard not to see them making money with 25,000 patients paying for services, and buying medicine. That puts revs way above the $1M mark. I am not sure if they said that was from one facility alone. It would be nice to get a financial report from them. Filing a current 10-Q with the SEC would do the job!

These are the last financials found in Mergent Online.  They're not current by any stretch so I wouldn't hold these to be a reflection of today's status.

Financial Highlights (In USD as of 12/31/1999)
Total Revenue 836,390
EBITDA 213,487
Net Income 287,924
Total Assets 826,384
Current Assets 488,109
Total Liabilities 5,439,738
Current Liabilities 5,439,738
Stockholders' Equity (4,613,354)

Six years ago is a long time.

To get an accurate assessment, let's try an interview doctors who work at these places or doctors in general who have an interest in this sort of ER medicine.  Could be as simple as having a better understanding of the market need from an Emergency Room physician.  It's better to have an understanding of their perspective since they work in the industry and may possibly be a source of good information.  

Is this considered insider trading if you research market knowledge from sources other than the CEO, CFO, etc?  I would say no it is not since they do not directly influence the price of the company's stock.

-Bill

Santa,

Could you modify your initial post to include the name of the company in the subject line.  It currently is listed only by its symbol and other interested investors may want to know without opening the thread.

Much appreciated if you could do this.

Bill.

  I hope that's what you meant about  the post's headline. I also like your idea of getting some DD on the people the work at the facilities.

  Checking on your investment and seeing that the money is well spent is NOT insider trading. Nowing before hand management decisions that affect the company going forward is. If we are not asking for exact knowledge of business decisions but only of sentiment of people that work there (non-officers of course), that is to me clearly a DD action!

  By the way check out RHWC. I believe it is an even better play and should be in our portfloio as well, for its potential and diversity into a different industry!

Thanks.

Will do some checking on RHWC.

Trends
Emergency Department Capacity And Access In
California, 1990–2001: An Economic Analysis

Source:
http://content.healthaffairs.o.....inancial%20Trends%22

While trends indicate a stable to growing market for hospital ER services (i.e., good for ER Urgent Care), the findings also suggest a trend in decreasing the number of hospital ER departments (i.e, also good for ER Urgent Care).  

The number of hospitals having ER departments decreased from 405 to 359 - a 12.8% decrease over a ten year period.

Last, while this study is isolated to the state of California, I suspect it is also indicative of the overall trend in the US.

Bill

Expansion continues beyond current facilities.  

ERUG is investing in positive NPV projects to increase shareholder value.  This purchase of this existing clinic already generates $600K gross revenues/year or $280K/year net revenue.

I continue to see there leadership decisions and actions as being consistent with their strategic plan.  This is extremely positive news and the share price is expected to go higher.

Source: http://biz.yahoo.com/iw/060905/0160014.html

Current Clinic facilities generating positive investor returns:

700 Ives Dairy Rd.                     1601 Meadowlark Lane
North Miami Beach, Fl. 33179           Kansas City, Ks. 66102

213 North Federal Highway              2812 West MLK BLVD.
Hallandale Beach, Fl. 33009            Tampa, Fl. 33607

15463 SW 137th Ave.                    Coming Soon
Kendal, Fl. 33177                      Miami Beach, Fl.

4401 North Andrews Avenue
Oakland Park, Fl. 33309

18648 N.W.67th Ave.
Miami Lakes, Fl. 33177

Yesterday a big selloff occurred as a result of the market overbought condition.

Still, the sell off did not have a signficant affect on ERUG.  It's price dropped a half point and I would consider this an entry point.  

This could also be a reflection that ERUG is undervalued for the current market price.   Also, the spread is only a half point or less indicating the brokers may not have this stock on their radar.  The money is made on margin, and if little to no margin between bid and ask it could be a swing play for multiple entry/exits as well.

Bill