Fonar: Buy In Slowly, But Buy In [Seeking Alpha]
Fonar Corporation (FONR)
US:NASDAQ Investor Relations:
fonar.com/investor.htm
Company Research
Source: Seeking Alpha
Summary I think shares of Fonar represent good value at the moment, given the expected growth in the MRI market. While the shares aren't at the nadir of their valuation, they are still very inexpensive relative to the market. Given that the market is likely overpriced, I think investors would be wise to build a position in this name over time. Over the past twelve months, the shares of Fonar Corp. ( FONR ) are down about 29%, and I think the shares now represent great value. I specifically recommend that investors build a position in this stock gradually over the next six months, by purchasing a third of a position immediately, a third in early January, and the balance in March, 2019. My desire to buy in slowly relates to a desire to possibly take advantage of a market that is poised to drop, and thus put great companies on sale. I’ll go through my logic below by looking at the financial history here, and the stock itself. Given the projected size of the MRI market in 2
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FONR
News
- FONAR's (NASDAQ:FONR) investors will be pleased with their respectable 36% return over the last year [Yahoo! Finance]Yahoo! Finance
- Global Bio-imaging Market to Hit $15.58 Billion by 2030 Growing Applications of Bio-imaging in Drug Discovery | Says Coherent Market Insights [Yahoo! Finance]Yahoo! Finance
- FONAR Corporation's (NASDAQ:FONR) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue? [Yahoo! Finance]Yahoo! Finance
- Fonar Announces Six Months and 2nd Quarter Financial Results for Fiscal 2024 [Yahoo! Finance]Yahoo! Finance
- FONAR (NASDAQ:FONR) Is Reinvesting At Lower Rates Of Return [Yahoo! Finance]Yahoo! Finance
FONR
Sec Filings
- 2/15/24 - Form 8-K
- 2/14/24 - Form 10-Q
- 2/13/24 - Form SC
- FONR's page on the SEC website