A Healthy Business Prescription from Gentiva Health Services Inc. (GTIV)
Should you buy into a stock when it is within touching distance of a 52-year price high? Conventional wisdom would suggest otherwise, but there are strong contrary indications for this small-capital member of the Healthcare Facilities Industry from Melville, NY. The stock price has surged by nearly 28% in August 2008 following a great second quarter. However, the future looks better still. The business model of direct home nursing is most durable. Who would rather spend old age in a medical facility, rather than at home? It is not just a matter of comfort, for the company offers substantial discounts…