AIRM

Air Methods Corporation

Healthcare, Industrial/Transportation


Presented:10/17/2014
Price:$54.29
Cap:$2.13B
Current Price:$42.95
Cap:$1.57B

Presented

Date10/17/2014
Price$54.29
Market Cap$2.13B
Ent Value$2.81B
P/E Ratio21.17x
Book Value$12.03
Div YieldN/A
Shares O/S39.15M
Ave Daily Vol340,000
Short Int22.02%

Current

Price$42.95
Market Cap$1.57B
Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company operates in the Air Medical Services (AMS), Tourism, and United Rotorcraft (UR) segments. The AMS segment provides air medical transportation services to the general population as an independent service, as well as to hospitals and other institutions under exclusive operating agreements. Its services include medical care, aircraft operation and maintenance, 24-hour communications and dispatch, and medical billing and collections. As of December 31, 2013, this segment’s aircraft fleet consisted of approximately 264 company-owned aircraft and 136 leased aircraft. The Tourism segment provides aerial tours and charter flights, primarily focusing on Grand Canyon and Hawaiian Island tours. This segment markets its tours through Websites, as well as through various agencies, such as online booking companies, hotels, resorts, and cruise operators. It operates 48 helicopters under two Part 135 Air Carrier Certificates. The UR segment designs, manufactures, installs, and certifies modular medical interiors, multi-mission interiors, and other aerospace and medical transport products for domestic and international customers. It also offers quality assurance and certification services. The company was founded in 1982 and is headquartered in Englewood, Colorado.

Publicly traded companies mentioned herein: Air Methods Corp (AIRM)

Highlights

Air Methods Corp (AIRM) is the largest air ambulance provider in the US (a ~$4 billion segment of the market). The presenter is short the stock, and believes payers are finally pushing back after years of double digit (%) price increases. He sees DSOs extending, and no volume growth to offset the pressure. With that backdrop, it’s not difficult to envision a scenario where AIRM’s revenue recognition approach results in a negative surprise in an upcoming quarter.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.