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Author: MrMet1974 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 11  
Subject: Re: ODSY drop Date: 3/9/2004 9:33 AM
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pamdana,

I am assuming you meant around the end of February but please correct me if I am wrong. The news on 2/23 went like this:

"Hospice care provider Odyssey Healthcare (ODSY) said it expects to report first-quarter earnings of 20 cents to 22 cents a share and a profit for the year of $1.03 to $1.05 a share. Analysts polled by Thomson First Call are looking for a per-share profit of 25 cents for the first quarter and $1.09 for the year. Odyssey also reported a fourth-quarter profit of $8.6 million, or 23 cents a share, vs. $7 million, or 19 cents a share, last year. Odyssey stock lost $4.40, or 16 percent, in evening trade, to $23.03."

If you are holding long term (as I have to now), quarter and the same quarter a year ago (up 21%) still looks pretty good. However, they project to miss first quarter by anywhere between $0.03 and $0.05 and next year by anywhere between $0.04 and $0.06. This never sits well with the street, and ODSY was punished.

I still believe they are good long term buy on the basis of the U.S. population getting older.
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