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CRH Medical Corp. (CRH-T) opinion on 2017-07-26

Last Price Recorded: 2.3200 on 2017-11-17

ON STOCKCHASE SINCE Jul 2009

biotechnology/pharmaceutical
COMMENT

Bruce Campbell (2)
CRH Medical Corp. was $4.260 at time of opinion
Owned : Unknown

This has been hit extremely hard. It trades to a pretty significant multiple and probably got ahead of itself. On the news and speculation that some kind of reimbursement was going to come, the stock sold down. The code changes are not being reimbursed to the same degree. In the past, they’ve been able to use their currency to a certain degree to make acquisitions. They have just secured a bigger line, so it looks like they’ve shored up their business fairly well. Fairly good cash flow. The reimbursement is going to hurt them, and then the private pay insurance, the majority of their business, will end up coming down over time as well. They are going to have to replace the lost revenue with increased business, either organically or by acquisition.

UNKNOWN

All opinions for CRH-T (80)

9 BUY
6 BUY on WEAKNESS
27 COMMENT
5 DON'T BUY
8 HOLD
1 PARTIAL BUY
6 PAST TOP PICK
2 SELL
1 STRONG BUY
10 TOP PICK
3 WATCH
2 WEAK BUY
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All opinions for CRH-T (80)

9 BUY
6 BUY on WEAKNESS
27 COMMENT
5 DON'T BUY
8 HOLD
1 PARTIAL BUY
6 PAST TOP PICK
2 SELL
1 STRONG BUY
10 TOP PICK
3 WATCH
2 WEAK BUY
View All

More experts covering CRH-T

SAVE
Add CRH-T to Watch List

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