FONAR: Balance Sheet Trends Point To A Firm Bottom Shortly

Aug. 31, 2022 8:31 AM ETFONAR Corporation (FONR) StockFONR5 Comments
Individual Trader
17.84K Followers

Summary

  • FONAR stock is trading well below book value and remains profitable which is key.
  • Cash, liquidity and equity all continue to grow on the balance sheet.
  • We await the technicals to start leading the strong fundamentals in this play.

Close up of fountain pen on a balance sheet

DNY59

Intro

We wrote about FONAR Corporation (NASDAQ:FONR) (Medical Device Player) in October of last year when we stated that the company was closing in on a multi-year bottom. We have been following Fonar for quite some time now as

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This article was written by

17.84K Followers
Individual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to write calls against our positions to bring in additional income. Risk management is controlled through position sizing & the use of trailing stop losses over time.

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