Alternative Activist
Long/short equity, deep value, contrarian

Hooper Holmes: Pruning Of Underperforming Businesses Uncovers A High-Growth Business Ready To Break Out

A Quick History Lesson

Hooper Holmes (AMEX:HH) was founded in 1899 and over the last 40 years has been focused on providing health risk assessment services. The stock has fallen from an all-time adjusted high of ~$17.50 per share in 2000 to just ~$0.67 per share today -- and has languished at an average price of $0.63 since the start of 2009.

Mostly due to the general decline of life insurance applications requiring paramedical exams and pricing pressure from competitors, what was a profitable $300M+ annual revenue business had slipped to an unprofitable business with less than $150M in annual revenue. After a few unsuccessful restructurings and bleak cash flow prospects under the existing model, Hooper Holmes was...

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