WSJ: Stimulus Funds For E-Records Augur Big Windfall For Small Health Firms

By: TraderMark Wednesday, March 25, 2009 1:35 PM

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The Wall Street Journal had a piece yesterday on the whole medical IT electronic records theme we've been discussing for a few months (Jan 6, 2009: Analyst Throws Water on "Hope" in Medical IT) This is one of the Obama themes that unlike solar, or infrastructure stocks has actually stood the test of time - these stocks are simply on fire. While we own Quality Systems (QSII) (Jan 9: Bookkeeping - Starting Quality Systems) and have a big win in terms of % gain, the position size is not very large and we are missing most of this last part of the move. We highlighted 3 names back in early January but said ATHN was wildly expensive and MDRX was intriguing on valuation. Frankly, MDRX was doing nothing until yesterday (I assume the WSJ article helped) Overall, the market actually seems to be caring about relative valuations in this group... a nice change.

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