Back Into FONAR Corporation
Summary
- FONAR Corporation's shares have declined 8.2% since I last wrote about it, while the S&P 500 gained 10.9%.
- The company's recent financial results show flatlined revenue and increased costs.
- Despite the weak performance, FONAR has a strong capital structure and the shares are objectively cheap, making it a potentially good investment. Patience is required in my view.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of FONR either through stock ownership, options, or other derivatives. 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.
I haven't bought yet, but I'm about to buy 500 shares.
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