Continental Health Affiliates Inc. - Investment Opinion - 'Strong Buy'.MIAMI--(BUSINESS WIRE)--July 16, 1997--Barber & Bronson Inc. announced that they have released a research update, dated July 16, 1997 on Continental Health Affiliates upgrading the stock to a "1-Strong Buy" in the short term and "1-Strong Buy" for long term investors. Continental Health is a leading integrated alternative health care provider, operating five long-term care facilities long-term care facility n. See skilled nursing facility. and one retirement living community in New Jersey and Pennsylvania. The company also operates a physician practice management subsidiary and is the majority owner of Infu-Tech Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :INFU). Our strong buy recommendation is based largely on the company's impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. move into the assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. market. Assisted living is one of the fastest-growing segments of the industry, and Continental has already purchased land and has received State approval to begin construction on two facilities in New Jersey. Trading in the company's stock was recently moved from the Electronic Bulletin Board onto the Nasdaq Small Cap Market, reflecting improving financial strength. We have set a 12-month target price of $6 on the common shares. Barber & Bronson Inc. is a full-service brokerage and investment banking firm based in Miami with offices in Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and Hilton Head, S.C. A copy of the report will be available shortly on our web site at http://www.barberbronson.com . -0- NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.barberbronson.com. This symbol may not appear properly in some systems. CONTACT: Barber & Bronson Inc. Tim Rayl 305/536-8511 305/536-8555 - Fax |
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