BUY of 50 MDRX

I mentioned Allscripts (MDRX), one of the leading companies in electronic medical records, in a prior post.  I finished my research on the company last night and purchased 50 shares at $8.45. This replaces Delek (DK) which was sold a few days ago.  I am somewhat hopeful that MDRX will double in price provided that I give it at least 3 years.  So my goal is 15 to 17 sometime between 2011 to 2103, and I would be pleased.  If that price range is hit before 2011, then that would be just a bonus.   There are a lot of good reports on this company.  Zachs had a good one.  I also read the last earnings release and MDRX seemed to be making good progress on integrating Misys. Allscripts Reports Fiscal 2009 Second Quarter Results: Financial News - Yahoo! Finance

The company appears to be doing just fine so far in this recession which is another plus.  Yahoo! Finance  I also reviewed the recent earnings call transcript.Seeking Alpha  I also had successfully bought and sold shares in the company before the company announced a merger with Misys which just kept me away from it until I had a feel about how well the integrations was going.  As I mentioned in a prior post, the stimulus package is a plus for this company assuming it is passed.  The recently passed bill on electronic prescriptions is another boon.  ROK/Balancing Risk & Reward on SNTA/Buy 100 NSSC at $1.02/Electronic Medical Records & the Stimulus Bill/M & DKQ

Some of the other analysts report that are available include ones from VL and Morningstar.  I thought that the Zachs report was the most helpful in understanding how recent events will impact this company.  

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