Finally, a franchisee of the nation’s oldest leading home care and medical staffing company, Future Healthcare of America (FUTU), is no longer a “blind” investment for traders. Filing their first 10-Q since spinning off from Wizzard Software on October 1, now known as FAB Universal Corp., FUTU stock has now become even more attractive despite the fact that its been made clear that “flippers are not welcome.” Although only the long belong, those who flip, trip, or rip on the dip, will see the net income from growing revenues which is going to make it hard to avoid for traders who know a good thing when they see it come Monday.
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FUTU Stock Chart
Market Cap: 1.71M
Close: 0.17, down -0.027 (-13.71%)
Dollar Volume: $7,422
Average Trade Size: 4,233
Issued and Outstanding: 10,063,249
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In case you missed our initiated coverage on FUTU back on October 7, the Company operates by providing healthcare services for those in need, namely by offering home care services via trained health care professionals including senior care and pediatric nursing, as well as physical, occupational and speech therapy. They also offer staffing solutions by providing nurses, nurse aides and management services to hospitals, prisons, schools, corporations and other health care facilities. All the areas covered are not getting any smaller.
Now that Future Healthcare of America has filed their first 10-Q since spinning off, its clear to many that “blue skies” are clearly the path if business continues to follow the current trend. During the first nine months of 2012, they booked revenues of $3,231,286, a 30% increase over revenues of $2,484,685 for the same period in 2011. The third quarter brought $1,056,038 in new revenues, a 23% increase over $858,765 for the same period in 2011.
The revenues numbers booked thus far for 2012 have already surpassed the total revenues for 2010 and nearly those of 2011, $3,099,090 and $3,425,721, respectively. While Q3 ended with a net loss of ($126,556), the first nine months has thus far recorded a higher net income, $140,389, than that of the same period in 2011, $110,667. Laugh at those figures and the growth of them if you like, but FUTU is far from FUBAR like almost every other penny stock in your portfolio right now.
About FUTU Stock
Future Healthcare of America records their revenues through their wholly-owned subsidiary, Interim HealthCare of Wyoming, an independent franchisee of Interim HealthCare.
Last 5 Trading Sessions:
Click here to view the SEC filings for FUTU.
Bottom Line: FUTU is one specific type of penny stock: “If you’re not long, you don’t belong.” You aren’t going to see what float is out there from the 10 million shares outstanding light up the board like SVEN did on day one, and you’re not going to see the PPS of FUTU do somersaults either. But if you have any foresight past the foreskin to see the long-term benefit of a growing DEBT-FREE investment, then grab the Future Healthcare of America before your Obamacare payments go up.
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