StockIceMan's Weekly Stock Pick
Week of
January 20th, 2003
| Stock: |
Cross Country,
Inc. |
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| Ticker Symbol: |
CCRN - Nasdaq -
Healthcare Staffing |
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|
| Buy: |
15.25 to 15.50 |
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|
| Sell: |
20.00 + |
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| Info: |
Cross
Country, Inc. is a provider of
healthcare staffing services in
the United States. Approximately
80% of the Company's revenue is
derived from travel nurse
staffing services. Other staffing
services include the placement of
clinical research professionals
and allied healthcare
professionals such as radiology
technicians, rehabilitation
therapists and respiratory
therapists. The Company also
provides other human capital
management services, including
search and recruitment,
consulting, education and
training and resource management
services. Its active client base
includes over 3,000 hospitals,
pharmaceutical companies and
other healthcare providers across
all 50 states. |
| Financial Info: |
For the nine
months ended 9/30/02, revenue
rose 32% to $468.5 million. Net
income from continuing operations
totaled $24.4 million, up from $7.6
million. |
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|
| Key Ratios: |
Current
Ratio: 2.31; Total Debt/Equity: 0.15,
P/E: 16.81x, Price/Book: 1.71,
Price/Sales: 0.85 |
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|
| Share Info: |
There are 32.6
million shares outstanding with
32.2 million shares in the
trading float. 260 Institutions own
approximately 69.0 % of the
shares outstanding. There have
been 6 insiders buying a total of
19,000 shares in the last six
months.
As of 12/9/2002, there were 1.51
million shares short.
Net Institutional Selling: 3.46
million shares: prior to latest
quarter. |
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| Articles: |
Stand By Your
Stock |
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