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Cross Country Healthcare: Short Squeeze Potential

Yannick Frey profile picture
Yannick Frey
1.8K Followers

Summary

  • Cross Country Healthcare has shown strong growth from acquisitions, the company is profitable, and many analysts expect growth in adjusted earnings per share by 2024.
  • The combination of a high short percentage and a high buyback yield makes it an ideal candidate for a potential short squeeze.
  • Even if the short squeeze fails to materialize, the stock is interesting to hold in the short and long term.

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Introduction

Cross Country Healthcare (NASDAQ:CCRN) provides staffing services for healthcare clients in the United States. The stock has been in an upward rally since mid-2020 and has already risen sharply from $6 then to $26 now. It looks

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Data by YCharts

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Data by YCharts

This article was written by

Yannick Frey profile picture
1.8K Followers
Yannick is a passionate investor from the Netherlands who shares his analyses with other investors on Seeking Alpha. In doing so, he looks for companies with the following characteristics:1. Companies that are growing in both revenue, earnings and free cash flow.2. Companies that have excellent growth prospects.3. Stocks with favorable valuations.He prefers steadily growing companies with high free cash flow margins, dividend stocks and stocks with generous share repurchase programs.Disclaimer: My articles do not provide financial advice, they reflect my own findings and insights.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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