Better hop on board, this stock is taking off!
Check out Dutton and Assoc. on this stock
"http://www.equitygroups.com/amex/kad/messages/141058.html"
Here's what was said:
Dutton Associates updates its coverage of Arcadia Resources (AMEX: KAD) raising its rating to Strong Speculative Buy and a 12 month target price of $0.71. The 12-page report by Dutton senior analyst Denise T. Resnik, M.S. is available at
Dutton Associates as well as from First Call, Bloomberg Professional, Capital IQ, FactSet, Zacks, Reuters, Knobias, and other leading financial portals.
Arcadia continues to develop its vision of retaining and expanding operations it believes will flourish in the years ahead. In specific it is focusing on its profitable home care business and the ramp-up of its DailyMed™ compliance packaging medication system. This quarter’s results mark the third consecutive quarter with positive operating cash flow, and we believe that profitability will be achieved by the March 2009 quarter. In our judgment, the shares, trading near their lows, do not reflect the changes that have occurred at Arcadia or the potential for this restructured company. While we are disappointed that the DailyMed™ program in Indiana is slower in starting than the guidance management originally provided, we believe that DailyMed™ is an exciting product for the Company and a novel system for maximizing medication compliance by at-risk patients. While we are lowering our 12-month price target for the shares from $0.87 to $0.71, we would note that this target is over 80% above the current depressed price. Accordingly, we believe it is appropriate to raise our rating from Speculative Buy to Strong Speculative Buy, particularly as new endeavors begin to make a significant contribution to earnings, significantly higher share valuations could be envisioned.