Hospice Provider Is Ailing
Chemed (CHE) is a weird combination of old-line sewer servicer Roto-Rooter and a health care division called VITAS, which mainly provides hospice care for terminally ill patients. VITAS accounts for about 74% of combined revenues and is America's largest hospice company having doubled its patients to about 1.1 million over the past decade.
Chemed had shown outstanding long-term results with per share sales and earnings expected to come in at $64.00 and $4.71 for 2011 (based on Zacks Investment Research estimates) vs. $24.26 and $0.63 (split adjusted) from 10 years earlier. All three quarters, year-to-date, came in well above 2010's levels and the third-quarter showed profits of $1.20 against $0.91, year over year....346 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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