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AMN Healthcare Services Inc. (AHS)

  • I sent IR an e-mail the other day and received a reply from David Erdman. Obviously management can't say much but he did mention every analyst covering the company raised their price targets. The two analysts who I found public info on are from UBS and Lake St. and I've already posted what I could find about their raises. Erdman went on to write they are as baffled as all us retailers are with regard to the selling, saying management had been clear the previous rate of 20%+ growth was unsustainable. The only thing I can find that may explain some of the weakness, though without merit, is they guided for 11.5-12% margins while Q2 came in at 12.5%. This was explained during the call as being due to seasonality and the mix of business. They also reiterated their goal of reaching 14% margins is intact.
    I just thought I'd congratulate the board on it's hard work in doing due diligence. I think we have all done a good job researching the post report market reaction and have correctly determined it is irrational. I for one will be...