Assure Holdings Corp (IOM-X)

It is a new company that supply services to surgeons. It is undervalued. They are profitable. They have very high margins. It is cheap because they have a lot of receivables. If they hang on longer, the insurers give them more money. If you see the receivables coming in then it will grow.

A fairly new company and has only had one conference call with management. Any time you have spine surgery in the US, there has to be 2 other people monitoring. Having 3 people is not very efficient, being set up by 3 different groups and billed 3 different ways. This company has formed a partnership with the spine surgeon in order to integrate the 3 parties into a unified billing, and they split the revenue with the surgeon. There hasn’t been a lot of history on this, but there has been phenomenal growth. They’ve been focusing in Colorado and have hired some sales people in order to expand out into other states around Colorado. It is fairly early, but it is one to watch.