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Wednesday, 02/13/2002

THC - Tenet Healthcare

Company Description

Tenet Healthcare Corporation, a nationwide provider of health care services, through its subsidiaries owns or operates 116 acute care hospitals and related businesses serving communities in 17 states. The company, which is headquartered in Santa Barbara, California, employs approximately 113,000 people nationwide. Tenet provides central support services to its hospitals from a Dallas-based operations center.

The company's acute care hospitals, with 28,750 licensed beds, offer a wide array of medical services and serve as the anchors for its regional health care delivery networks. These regional delivery networks, designed to provide a full spectrum of care throughout a community or region, may include specialty hospitals, outpatient surgery centers, home health agencies, rehabilitation hospitals, psychiatric hospitals and long-term care.

(Source: Tenet Healthcare)

Reasons To Invest

Bulls are finding earnings in the healthcare sector. Quality earnings no less. The recent earnings reports and forward guidance from leading healthcare providers has been nothing but positive.

Tenet reported its financial performance during its fiscal second quarter in early January. The company exceeded analysts' consensus estimates and raised guidance for its coming fiscal year. The company guided investors to expect earnings from operations of $3.10 per share for the year, which represents a 35 percent year-over-year increase in the bottom-line.

The macro fundamentals of the industry have driven sales growth at Tenet among other health care providers. The company has improved its profitability through various measures as well as using its cash flow to pay down debt, resulting in lower interest expenses and showing up as increased earnings.

The back burner where healthcare reform currently resides in addition to the aging American population should combine to continue supporting strong fundamentals in the healthcare industry. Tenet is positioned to achieve strong earnings growth in such a business climate.

DRIP Information:
Shares to Qualify = 1           Accept Foreign Accounts: Yes
Auto-reinvestment = No          Temper Enrollment Serv:  Yes

Min/Max Investment = $1,000/month

Reinvestment Fees -

Div : 0 
Cash: 0
Auto: N/A

Transfer Agent:

Bank of New York

1-800-524-4458

Industry Group:       Healthcare  52-week high=$66.40
Annual Dividend Per Share=  0.00  52-week low =$38.00
Last earnings 01/04   est = 0.58  actual = 0.60
Next earnings 05-02   est = 0.81  versus = 0.77
                                     P/E =   27
Analyst Ratings:
Strong Buy    = 16
Moderate Buy  =  6
Hold          =  1
Moderate Sell =  0
Strong Sell   =  0

 
 

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