GXL investment thesis, page-86

Do you think Greencross is still being priced as a growth stock ?. Clearly Amazon had an affect however that would be all be on its perceived weighting as a retailer rather than a Vet business.

Haven't looked at all at GXL lately however the last two years has seen a lot of vet practices sell. Over 200 if I believe all of the hype. Not sure if they still acquire Pet Barn type retailers. Has Greencross grown its Petbarn and vet fleet much. I think they have moved to organic growth and new sites rather than buying. Could be a good move however it might explain the price resistance if they are no longer growing by acquisition so strongly.