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Subject:  NGH.V (Nightingale Informatix - EMR Software) Date:  7/26/2011  6:18 AM
Author:  EMRinvestor Number:  3288 of 3296

So I'm looking for advice about this Canadian software company which seems to have grown revenue consistently for years, but has the worst valuation I've ever seen.

I am not fair and impartial - I own shares in this thing (have lost money) and am irritated, to say the least.

What I want to understand is:

1) Why is the valuation so pathetic, relative to their business fundamentals? Most software companies are valued at 3x - 4x revenue, and many go for as much as 10x revenue.

2) The company is in one of the few growth markets left for software (electronic medical records) - why is growth not built into the valuation?

3) Does anyone recommend buying in again at under thirty cents? Anyone else following this stock?

The symbol is NGH.V and it trades on the TSX. Any comments would be great.
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