Teeth-Pulling Profits: 12/29 Top Performer
Today marks the final trading day of 2017. The quiet post-Christmas trading environment continued into today’s session: major indexes were down slightly at the time of this writing.
We look forward to an exciting January, as investors begin setting the pace for the coming year. With US equities near all-time records, analysts are predicting outcomes ranging from a move to emerging market stocks, to a slow-running bear market, to a further ascent into record territory as low rates and tax cuts continue pumping liquidity into the financial system.
But, for today, we’re content to sit back and appreciate a highly profitable year at News Quantified. Markets registered a historic bull run this year, and News Quantified still managed to find plays that easily exceeded broader market gains on a daily basis.
To put the cherry on top of a profit-filled year dominated by explosive gains—especially on long plays in sectors like pharma, blockchain, and tech—we take a look at our final Top Performer of 2017.
In a year headlined by gains from the exotic bitcoin sector, we end the year, fittingly, on a dentistry stock.
Birner Dental provides full business services to the Perfect Teeth brand of dental offices.
Their stock jumped out to gains over 50% today after announcing plans for a financial restructuring. BDMS successfully placed a $5 million dollar debt issue that will go toward paying down BDMS’s debt on their current bank credit line.
In exchange, Guaranty Bank and Trust Co. will extend the maturity date on their debt while renewing access to their working credit line. The bond purchaser received stock shares in the deal.
Investors piled into the stock on the expectation that the cash-strapped BDMS would have access to the working capital it needs to pursue continued growth. Recruitment, in particular, can be capital intensive in the tight labor market for US dentists.
Diverse Plays, Great Profits: All in a single news day.
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