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Cano Health gains after investor Owl Creek urges company to pursue sale

Aug. 22, 2022 10:27 PM ETCano Health, Inc. (CANO)AMZN, CVS, UNH, OPCH, AGLBy: Joshua Fineman, SA News Editor4 Comments

Health visitor and a senior woman during nursing home visit

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Cano Health (NYSE:CANO) climbed 5.2% in after hours trading after an investor urged the company to pursue strategic alternatives, including a possible. Cano rose 15% in regular trading amid a report that

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Comments (4)

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BEWARE? MDs leaving! Less than 5 min.+/- with a patient, all about a numbers game? But losing Patients due to lack of involvement, just churning over visits, no proper follow through?Even after Specialists reports sent in? Constant errors on appointments, all about Wealth Creation seems like? Was a good company prior to present medical structure, I can see a possible huge write off on any buyer possibly? Not sure it's fixable? Good luck.
If you listen to the conference calls you will see there is an upfront expense when onboarding new patients. Once the patient is onboarded the full profitability is seen in the following year. Implied future EBITDA is a lot better than the immediate quarterly run rate. The research guys don't articulate this. This is a $10 stock and probably $15 a year from now on a takeover.
Took my quick 20% today gain ( 2 week play) - up 5% tomorrow, well can’t win them all. Cheers!
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