Tesla Bear Jim Chanos Shorting Grubhub, DaVita
On September 19, at Delivering Alpha Conference, Jim Chanos said Grubhub (GRUB) is a very good short. He said that Guruhub is almost not making any money.
DaVita’s Valuation on September 17
DaVita currently trades at a forward PE multiple of 15.2x compared to the industry average of 15.1x as of September 17.
Will Jim Chanos’s Short Bet on Mednax and Envision Be Profitable?
Mednax and Envision Healthcare’s (EVHC) stock price fell 1.45% and 1.72%, respectively, on Wednesday, July 18.
What Analysts Recommend for American Renal Associates Holdings
American Renal Associate Holdings (ARA) is the largest dialysis services provider in the United States.
Key Risks Facing Mednax in 2017
Mednax (MD) bills payors for services provided to patients. These payors consist of government programs like Medicare and Medicaid, contracted managed care, third parties, and private pay patients.
Understanding Mednax’s Financial Position
In 3Q17, hurricanes negatively affected Mednax’s (MD) revenues by close to $2 million. According to the company, acquisitions in radiology, anesthesia, and neonatology contributed around 430 basis points to revenue growth.
A Closer Look at Mednax’s Business Strategy
Mednax (MD) has a proven track record of expertise in the administration of physician services and a methodical approach to clinical data warehousing in fields such as research, education, and quality.
The Latest Wall Street Recommendations for Mednax
Of the total 14 analysts covering Mednax (MD) in December 2017, three analysts have given the stock a “buy” or higher rating and ten have given it a “hold” rating while one analyst has given it a “sell” rating.
High Yield Bond Issuance Fell in December on Rate Hike, Holidays
Let’s look at the high yield bond markets. Junk bond issuers stayed away from the primary market for three successive weeks in December due to holidays.
Mednax Issued Most Junk Bonds Back in December 2015
Mednax is a national medical group. It had issued junk bonds worth $750 million on December 1. Mednax would use the proceeds of the loan for refinancing.
High-Yield Bond Fund Flows in 2015: Not a Pretty Picture
High-yield bond funds have become out of favor with investors. Recently, the ICI released weekly data on estimated fund flows for high-yield bonds funds.
Why Did High-Yield Bond Issuers Avoid the Primary Market?
High-yield bond issuance fell to zero last week due to two main reasons. Junk bond issuers stayed away from the primary market due to fears of default risk.
Clear Channel International: The Only Junk Bond Issuer in the Week Ending December 11
An indirect and wholly owned subsidiary of Clear Channel Outdoor Holdings, Clear Channel International issued $225 million in dollar-denominated junk bonds.
MEDNAX Revenue and Income Rose After 3Q15 Results
MEDNAX’s YTD price movement was a mix of rises and falls in 2015. After the earnings report, MEDNAX fell 3.4% to close at $71.3 per share as of October 29, 2015.