I’ve come across several “corporate pensioners,” whose sole providers are the government. Some are with the military industrial complex, others produce vaccines for stock-piling.
Here’s another one, taking care of the elderly and infirm on S&L budget and Medicare, putting the tax payers money into good use.
Out of the $259 million in revenue – the hourly rate for community center is around $16 – it profited a meager $5 million. It seems that the company doesn’t manage its SG&A cost very well.
It trades at $50 million market value. If you believe in P/S (price to sales), it’s a good pick.
How well will the company do? Hard to know, largely depending on federal and state budget, which is not at their best for the moment.
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