Still a sleeper with less than 10% of the register in institutional hands.
In my previous post I estimated next half profit at around $9 million. FY around $21 million.
All medical practices are supposed to have digital records by the end of 2018. Haven't heard that the trump admin has cancelled this requirement. Likelihood of a quickening of pace of closing contracts.
And as they broaden the number of '-ologies' the margin of over-performance of any given contract increases significantly. In past conversations they have said that typically a new signing will commit to 80% of existing viewings. Extrapolate an increase of say 20% increase in viewings because of extra offerings with the under commitment and the digital records mandate and the likelihood of 80% compound profit growth starts to look quite possible.
The nature of PME's business model means that at some point they will become interesting to any of the big data companies.
At $38/share the founders will be billionaires. Might not happen tomorrow, but it may well happen...
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