Health Management Associates, Inc. - Value Alert
Baseline equity research, all cap value, Long Only, Value
Seeking Alpha Analyst Since 2007
I manage Wax Ink, an equity research firm comprised of individual investors not licensed or registered with any government agency. I have been an all cap value investor and independent equity researcher for the past 30 years.
Texas (July 2, 2013) Wax Ink has issued a No Investment Interest rating for Health Management Associates, Inc. (NYSE: HMA) based on a recent baseline equity review which placed fair value between $21-$26.
The recent close of $15.8 is approximately 27% above the fair value buy target for the stock and approximately 38% below the fair value close target for the stock. The recent close is also 6% above analysts' twelve-month $15.00 median price target for the stock.
The recent close represents a 130% increase in price since the last baseline equity review was conducted in March of 2012.
The stock currently has a trailing twelve-month PE Ratio of 7, and a PEG Ratio of 0.4 basis estimated forward earnings growth of 17%.
In the past 52 weeks, share prices have moved between a high of $16.41 and a low of $6.27, placing equilibrium at $11.63.
Basis the recent close, the stock is trading 3% below the 52 week high, 61% above the 52 week low, 27% above equilibrium, and has an average daily trading volume of approximately 6.1 million shares.
Health Management Associates, Inc. through its subsidiaries, engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States.
The company's competitors include Community Health Systems, Inc., HCA Holdings, Inc., and Lifepoint Hospitals Inc.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 30, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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