strange activity in this stock, page-2

Nandina, Not sure about the strange activity. I noticed it as well. At least every 5 minutes a 62 share trade (only $37-00)was processed ?

In any case I like this stock given:

- 20% dividend yield
- Payout ratio only 50% so plenty of surplus cash to reduce debt
- possible takeover potential (already speculated in the AFR). Even in the current climate there has been some examples of takeover activity in the health sector which is seen as recession proof.
- Interest cover 6+ times so clearly no debt servicing issues even if profitability/cashflow declines.
- They are still signing up doctors.
- PE below 3 !. Any medical clinic sells on more than a 3 times EBIT??.

This company could be a good add-on for an existing health business looking for an earnings positive acquisition or alternatively the market will eventually rerate this stock? (like many other stocks at the moment !)