EMS May Win Tacoma Contract, Santa Clara Still Up For Grabs - Alpha Metallurgical (NYSE:AMR)

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Emergency Medical Services Corporation (NYSE: EMS) could prove victorious over a potential contract win in Tacoma, WA, while the Santa Clara contract remains up for grabs.EMS's strong balance sheet well positions AMR Corporation (NYSE: AMR) and at 6.4x EBITDA, EMS remains a Buy rating, according to Jefferies & Company.Jefferies estimates that the Tacoma contract could yield ~$5M annually and add $0.01 EPS for FY2011 once finalized, which would add to EMS's already strong (+$313M) balance sheet. Jefferies maintains its Buy rating and $63 price target.Emergency Medical Services closed yesterday at $48.05.

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