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Healthcare Services Group: Conditions Are Moving In Favor Of The Bulls, Although The Charts Are Still Directionless

The Alpha Sieve profile picture
The Alpha Sieve


  • It looks like there is a bottom in place for HCSG’s ongoing sequential revenue decline and the management sounded optimistic about business and industry prospects in H2.
  • Dining segment margins continue to impress buoyed by lower investments in dietary supplies.
  • HCSG has reduced its exposure to Genesis Healthcare (as of Dec-20, outstanding notes and accounts receivables totaled ~$44m) and maintains that the latter has not reneged on its dues.
  • Over recent months, there has been some contraction in the forward P/E valuation premium of HCSG, but on the charts, the stock is looking for some leadership and is currently in limbo.

Nurse Making House Call to Care for Senior Man in Recovery
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Context of the article

During my stint as a Seeking Alpha writer, I’ve covered The Healthcare Services Group (NASDAQ:HCSG) a couple of times now, with the most recent article coming out in

This article was written by

The Alpha Sieve profile picture
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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