dealorfx
16 years ago
still ticking strong,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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dealorfx
16 years ago
yeah, uh huh, and I did that with
YRCW and lookee what the fukk happened, yeah right,
stick to the trading plan and you stick with the winners,
no more tight fugging stops, follow the trend and you don't
have to worry.
BINGO!!!!
dealorfx
16 years ago
Tri-anim(R) Names Steve Cash as Vice President of Sales & Health Systems
Tue. March 24, 2009; Posted: 07:28 AM
SYLMAR, Calif., Mar 24, 2009 (BUSINESS WIRE) -- MDCI | Quote | Chart | News | PowerRating -- Tri-anim, the nation's largest provider of specialty sales and distribution solutions for healthcare, announced today that Steve Cash has been named Vice President of Sales & Health Systems completing a reorganization of their sales management structure.
Mr. Cash has over 26 years of management experience in healthcare, medical technology and surgical products. For the past year he held the position of National Director of Acute Care Sales for Tri-anim with a market focused in Respiratory and Anesthesia. Steve has held various sales, sales management and corporate positions. At Medical Action Industries Inc. (NASDAQ:MDCI) he was the Senior Director, National Sales and Health Systems. Previous positions at Cardinal Health, Allegiance HealthCare, Baxter Healthcare and American Hospital Supply, included Vice President, Health Systems; Vice President, Sales Custom Sterile & PBDS; Vice President Sales, Med Management and Director, Corporate Accounts.
"I am grateful for the opportunity to lead Tri-anim's sales organization and appreciate the confidence and trust placed in me," said Steve Cash, Vice President of Sales & Health Services, Tri-anim Health Services, Inc. "My new position is only one piece of the reorganization of our sales management structure, which brings critical decision making closer to the field. We have also announced the appointment of two seasoned management veterans to the position of Area Vice President of Sales & Health Systems allowing more resources to focus upon vendor relations, GPOs, IDNs and key customers. Ed Neas, who has held numerous management positions with Tri-anim, most recently Senior Director of Business Development, is now the Western AVP and Tom Sampson, formerly Mid-West Regional Sales Manager, will be our Eastern AVP. Although these individuals will share responsibility for national accounts we will continue to retain the services of Jim Dausch and the NCI Consulting Group, with whom we've have had a long and fruitful relationship," continued Cash.
"It has been a pleasure working with Steve this past year. He has added depth, professionalism and leadership to our sales organization and has earned the trust and respect of our sales team, executive management, customers and manufacturers. I'm confident that he will continue to add value and expand Tri-anim's presence in the healthcare market," said Dale Clendon, President of Tri-anim.
About Tri-anim
For more than 30 years Tri-anim, part of Sarnova, has met the needs and exceeded the expectations of providers throughout the healthcare continuum, including hospitals, long-term care facilities, surgery centers and nursing homes. All in-stock orders received - until 5 pm - are shipped the same day from one of 12 distribution centers nationwide.
Tri-anim with approximately 265 employees is an industry leader providing e-commerce solutions enabling customers a faster and more efficient procurement method for purchasing medical products. The e-Quick(R) System, a proprietary technology, allows customers to place a five-line order in less than 45 seconds. For more information go to www.Tri-anim.com.
SOURCE: Tri-anim
Tri-anim
Bill Vitez, 800-972-2901
Caradoc
24 years ago
Magnoon: I just clicked "insider" on Yahoo:
http://biz.yahoo.com/t/m/mdci.html
You'll see I was looking at the three sales by Joseph Meringola -- shown as "10% Beneficial Owner" -- during the last year. You're right that 50,000 shares in February by itself isn't a big deal, but when it follows a sale of 100,000 shares three months earlier, it gives pause for thought.
With only 9.19 million shares and insider ownership of only 24%, Joseph's 10% would mean 900,000 plus shares and a large fraction of the insider held shares even if he barely qualified as a "10% Beneficial Owner." I suppose he'd still be listed in the 10% category even if he held 12 or 13 percent of the O/S; i.e., more than half of the insider shares.
Maybe he's being incredibly stupid. Why sell shares in a company that institutions are buying and that is efficient enough to increase income by 34% from sales increase of only 4%? As I said, my instinct is to buy. That said, if Joseph were to unload another 150,000 shares in the next three or four months, he would personally satisfy a certain amount of demand without anybody having to pry shares away from regular investors.
On the other hand, if a year goes by without more insider selling, I will have joined you.
Regards,
Caradoc
magnoon
24 years ago
I am curious about the source of your insider information. If you are talking about the CEO, Paul D. Meringolo, it appears that his last trades were in early '00. Whereas Joseph Meringola, a former employee, recently registered a form 144 proposed sale of 50,000 shares (2/01). There have been no other registered insider sales recently...unless you have a more current source. If so, please clue me in on it.
I don't think that the 50K shares would significantly affect a stock with a float of 7 million, although the average trading volume is relatively low. There was a recent (early April) upside trade on the order of 80K shares that took place at/around $4... this caused a significant jump in the OBV but didn't move the price.
While I agree that insider trading portends the market direction of stocks, unless my data is wrong, I don't think that's what causing MDCI, with apparent financial soundness and agressively growing profits, to remain where it's at.