Pax Americana's  Instablog

ASGR provide constitutionally mandated healthcare to inmates in State, county, municpal and correctional establishments throughout the Continental USA.The buisness operates with its affiliates, namely PHS/CHS which bid for contracts using the RFP method against other competitors and the State In-house-operation for contracts that normally range 3 years.The cash situation is healthy as he company stated it had 24.9 million in cash in the Q4 and 28m in the Q1/09. The company won the RFP biding process for the Michigan DOC for the State, and has estimates of ramping up costs of $600k initial costs.The company has no debt and is cash generative Qtr over Qtr, as in any sphere of the medical Profession "Litigation" is far away, and the company allocates $600k-$1m dollars for this potential claim each qtr. reading the transcripts the company appears very Bullish, given the attraction of a 25% cost savings in the first year to the State, and the budgetary constraints in virtually every state in the Union? The company have stated thier is approximately $300m of prospective RFP in the next few years.Including  Indiana, Delaware, Idaho. Tennessee,.....all being well a stock worth having an eye on?