Amedisys has been named by Fortune magazine as one of the 10 best stocks for 2010. The Baton Rouge-based home health company ranked second on the list, because while its profits grew 63% during the first nine months of the year, its share price was falling 9%. Fortune says investors were fearful of what health care reform could do to Amedisys, which relies on Medicare reimbursements for nearly 90% of its revenues. Now that the uncertainty over health care reform appears over, Amedisys’ stock should take off. “With an aging population ever more in need of its services, Amedisys seems poised to thrive, and its shares should recover, no matter what happens in Congress,” says Fortune. Other stocks named as investments to look out for in 2010 include MasterCard, Qualcomm and Petrohawk Energy. See the article here.
Business magazine picks Amedisys as hot stock
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
