This from Today’s Financial News:

The market appreciates those companies that managed to eek out a profit in the last 3 months.

As I anticipated in my Oct. 24 Editor’s PIC, shares of Sun Healthcare Group Inc. (NASDAQ:SUNH) have gone up nicely with the announcement of the company’s Q3 financial results.

Income from continuing operations of $9.4 million which is up 45.3% from the same period in 2007. Total net revenue increased 5.6% from last year to come in at $456.7 million — higher than many analysts predicted.

If you got in on Oct. 24, you’re looking at gains of over 16% in just 10 days. Let’s take them!

Sell you shares of Sun Healthcare Group Inc. (NASDAQ:SUNH).

Source: Over 16% Gains On Sun Healthcare (SUNH) In Just 10 Days

More from Laura in Today’s Financial News:

Sun Healthcare Group, Inc. (NASDAQ:SUNH) runs over 180 nursing centers in the U.S. and provides rehabilitation, inpatient and medical staffing services.

On October 30, the company will announce its third quarter results and all indications are that they should be promising.

Fundamentally, I like the Sun’s P/E of 7.7 and Forward P/E of 9.63, but what I’m really looking at is the short-term potential…

At the beginning of the month, the California-based healthcare provider announced that it had discontinued operations at five centers and that it had a lower than anticipated interest expense on its variable rate debt.

Analysts estimate EPS this quarter to be up 36.30% to 20 cents. The company has exceeded analysts’ estimates for the last five quarters – and it very well may do the same on Thursday.

With good third quarter results in these depressing times, this company’s stock price will jump and if you get in now, you could see double-digit gains in just a few days.

I recommend you buy shares of Sun Healthcare Group, Inc. (NASDAQ:SUNH) at or under $11.

Source: Potential Double-Digit Gains By Oct 30 With SUNH