Allscripts Healthcare Solutions, Inc.
Symbol - MDRX
Current Market Price - $8.76
Recommendation Date - March 18, 2008.
Fundamental - The Company is a provider of clinical software, connectivity and information solutions that physicians use to improve the quality of healthcare. Misys Healthcare will be merged with a wholly-owned subsidiary of Allscripts, and Misys Plc will contribute $330 mln in cash to Allscripts, for which it will receive shares representing a 54.5% ownership position in the combined co. Allscripts will pay a special cash dividend of $330 mln or approx $4.90 per share, to Allscripts stockholders of record as of the last business day immediately prior to the closing of the transaction. Allscripts stockholders would retain the shares they currently own. This will now be a leader in its insdustry segment.
Technical - This news is like to reverse the trend in this stock and investors can go long with a target of $13 followed by $15 in coming days.
Disclaimer - Stock market recommendations are based on fundamental and technical analysis of stocks and no profit can be guaranteed. Investors are advised to make their own investment decisions with the information provided. Any investments, trades, and/or speculations made based on the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk.
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