Phoenix Companies Inc. (NYSE:PNX) reported a net loss of $6.1 million, or $0.05 per share, and operating income of $14.8 million, or $0.13 per share, for the first quarter of 2011. Operating results reflect the impact of the improved equity markets, lower expenses and favorable mortality. The net loss was driven by declines in the value of hedged positions as a result of improved equity and credit markets. These results compare with net income of $13.7 million, or $0.12 per share, and operating income of $9.7 million, or $0.08 per share, in the first quarter of 2010. Excluding a $4.4 million tax benefit, first quarter 2011 core operating income was $10.4 million, or $0.09 per share.
The Phoenix Companies, Inc., through its subsidiaries, provides life insurance and annuity products in the United States. The company�s life insurance products include universal life, variable universal life, and other products.
National Health Partners, Inc. (NHPR)
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna.
The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
Health insurance should not cover basic or routine medical services, but instead should cover major illnesses, surgeries, etc. Moreover, the government should require that healthcare providers charge all patients the same fees for out-of-pocket medical procedures (insurance companies and the government should be free to negotiate discounted prices for the services for which they directly pay, but these preferred rates would not apply to the services paid out-of-pocket by their members). This would bring normal, competitive market forces to bear on the provision of routine medical services.
The second major driver of high healthcare costs is low growth in productivity in the healthcare industry. In labor-intensive professional industries such as law, education, and healthcare, the number of customers serviced in a given year, whether they are clients, students, or patients, changes very little over time.
National Health Partners, Inc. recently announced that it has signed a new agreement with a major marketing company that will significantly enhance the growth of its CARExpress membership base.
According to the Company, this deal, in combination with the previous partnership with Xpress Healthcare, will enable the company to build its membership base exponentially, initially generating in excess of an additional 2,000 new members per month. The new campaign is set to launch within the next few weeks and will provide a material positive impact on the company’s 2nd quarter sales.
National Health Partners anticipate that this new marketing agreement will provide a major impact on their overall sales not only for the 2nd quarter, but more importantly for the year. They look forward to building on the profits that they anticipate generating in 2011 that will be driven by substantial growth in sales of their CARExpress health discount programs. The combination of their substantial growth with their low price-to-equity ratio should reflect itself in the price of their stock over the coming months.
For more information about National Health Partners, Inc visit its website www.nationalhealthpartners.com
SouFun Holdings Ltd. (NYSE:SFUN) the leading real estate and home furnishing Internet portal in China, will report its unaudited first quarter 2011 results before the U.S. markets open on Wednesday, May 11, 2011. SouFun’ management team will host a conference call on May 11, 2011 at 8 a.m. U.S. Eastern Time (8 p.m. Beijing/Hong Kong time). A telephone replay of the call will be available after the conclusion of the conference call at 11:00 a.m. U.S. Eastern Time on May 11 through May 17, 2011. A live and archived webcast of the conference call will be available on SouFun’s website at http://ir.soufun.com.
SouFun Holdings Ltd. provides marketing, listing, technology, and information consultancy services to real estate and home furnishing industries in the People�s Republic of China. SouFun Holdings Ltd. is a subsidiary of Telstra International Holdings Limited.
DigitalGlobe, Inc. (NYSE:DGI) reported financial results for the first quarter ended March 31, 2011. First quarter 2011 revenue was $77.1 million, flat compared with the same period last year. Included in first quarter revenue is $6.4 million of amortized revenue related to NextView, the predecessor to the EnhancedView contract with the U.S. Government. Not included in first quarter revenue is $24.8 million of deferrals related to the service level agreement (SLA) portion of EnhancedView. The company reported a first quarter 2011 net loss of $(0.7) million, or $(0.02) per diluted share, compared with net income of $1.5 million, or $0.03 earnings per diluted share, for the same period last year. First quarter 2011 Adjusted EBITDA, a non-GAAP financial measure, was $55.4 million, an increase of 49% compared with first quarter 2010 Adjusted EBITDA of $37.2 million. Adjusted EBITDA includes current-quarter deferrals related to EnhancedView and, for both periods, excludes approximately $6.4 million of amortized revenue related to NextView.
DigitalGlobe, Inc. provides commercial earth imagery products and solutions. The company collects its imagery products and services via its three high-resolution imagery satellites. DigitalGlobe, Inc. is a subsidiary of Morgan Stanley & Co. Incorporated.
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