Wasserman Initiates Coverage on Pediatrix Medical Group (PDX) with a Buy
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Wasserman & Associates initiates coverage on Pediatrix Medical Group (NYSE: PDX) with a Buy.
Wasserman analyst says, "Even with a heavy acquisition agenda and a recession-induced lower birthrate, Pediatrix has been solidly profitable and growing this year, a trend expected to continue into 2009. Operating cash flow has been even more impressive, growing almost 15% for the first nine months of this year, allowing for two major share repurchase programs and the aforementioned acquisition ramp-up...We believe Pediatrix represents a fast-growing yet reasonably priced investment in the health care services area with an exemplary earnings track record, strong cash flow, leading market share position, and plenty of room for both internal and acquisition-related growth."
Pediatrix Medical Group, Inc. is a healthcare services company that focuses on physician services for newborn, maternal-fetal, pediatric subspecialty and anesthesia care.
Wasserman analyst says, "Even with a heavy acquisition agenda and a recession-induced lower birthrate, Pediatrix has been solidly profitable and growing this year, a trend expected to continue into 2009. Operating cash flow has been even more impressive, growing almost 15% for the first nine months of this year, allowing for two major share repurchase programs and the aforementioned acquisition ramp-up...We believe Pediatrix represents a fast-growing yet reasonably priced investment in the health care services area with an exemplary earnings track record, strong cash flow, leading market share position, and plenty of room for both internal and acquisition-related growth."
Pediatrix Medical Group, Inc. is a healthcare services company that focuses on physician services for newborn, maternal-fetal, pediatric subspecialty and anesthesia care.
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