Setting a record in volume and doing it all within the last 90 minutes of trading, the penny stock of Liberator Medical Holdings, Inc. (LBMH) is a must watch for Monday. Announcing their 2nd dividend payment for 2013 and intentions to buy back up to 1 million shares, traders went nuts at the end of Friday’s session, accumulating as much LBMH stock as they could get their hands on before the weekend started. With growing revenues and positive net income, this “As Seen On TV” medical device supplier, catering to the bursting baby-boomer generation, looks to have found the “fountain of youth” for its shareholders.
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LBMH Stock Quote
Market Cap: 62.64M
Last: 1.20 ▲ +0.21 (+21.21%)
Volume: 699,851
Dollar Volume: $754,576
Open: 0.98
High: 1.25
Low: 0.96
Trades: 155
Authorized: 200,000,000
Issued and Outstanding: 52,204,234
1st Resistance Point: 1.3133
2nd Resistance Point: 1.4267
1st Support Level: 1.0233
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When you look into doing due diligence on an OTC listed stock, a few things that stick out let you know you’re on the right path when thinking “long.” One item in particular is when reviewing the most recent Q SEC filing and seeing this under the Balance Sheet / Income Statement heading: “(In thousands, except dollar per share amounts)”
Liberator Medical Holdings last updated their Q filings on May 15 for the 3 months ended March 31, 2013. Within it, Cash was over $7 million with another $8.8 million in net accounts receivable. Overweight on assets compared to total liabilities by roughly 3:1, the cash to pay out a $0.03 dividend to all shareholders of record as of the close of business on July 8, 2013 is most definitely there.
Liberator Medical specializes in a vast array of medical devices that are required for the survival of a large portion of the retired population in the U.S. Functioning as a nationally accredited Medicare, Medicaid and private insurance provider, the Company’s primary supply line is in catheter supplies, ostomy supplies, diabetes supplies and mastectomy fashions.
For the 3 months ended March 31, 2013, sales increased by $2,064,000, or 14.1%, to $16.73 million, compared with sales of $14.67 million for the same period last year. For the 6 months ended March 31, 2013, sales increased by $4.82 million, or 16.4%, to $34.29 million, compared with sales of $29.47 million for the same period last year.
Having increased their brand awareness through their direct response advertising campaign to acquire new customers and their emphasis on customer service to maximize the reorder rates for our recurring customer base, expect to see both sales numbers to keep coming in better than last year’s and for LBMH stock to remain above the $1 level while paying dividends every quarter from here on out.
About LBMH Stock
Liberator Medical Holdings, Inc., through their wholly-owned subsidiary, Liberator Medical Supply, Inc., is a leading, federally licensed, national direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors.
Click here to view the SEC filings for LBMH.
Click here to view the website for Liberator Medical.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 06/14/13 | 1.2000 | +0.2100 | +21.21% | 699,800 |
| 06/13/13 | 0.9900 | unch | unch | 3,000 |
| 06/12/13 | 0.9900 | unch | unch | 5,300 |
| 06/11/13 | 0.9900 | +0.0001 | +0.01% | 28,100 |
| 06/10/13 | 0.9899 | +0.0199 | +2.05% | 17,000 |
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Bottom Line:
LBMH stock broke out very late on Friday and is a well deserved addition to the list of penny stocks to watch for Monday and the remainder of the year. With bursting sales, volume on LBMH stock, and their 2nd dividend declaration of 2013, it wouldn’t be surprising to here that the Company has made efforts to uplist on to one of the higher exchanges if they don’t get bought out by a larger competitor prior to that.
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