Sharecall!"The sp rise today (and more to come IMO) is...

Sharecall!

"The sp rise today (and more to come IMO) is reflective of the huge value latent in the sp at present (PE of around 5, NAB at around 76c). And a significant part of the business being in healthcare is resilient regardless of economic conditions. One of the few highly undervalued stocks in the market I think!!"

1) Please read the above article, especially about profit margin & debt level.

2) Article failed to state DHL Supply chain is pushing hard... many generic brands offer bigger discount if use DHL.

3) "Healthcare is resilient"... NOT really. Depends, lots of city pharmacies get 30-40% from scripts (more and more products from DHL) and 60-70% profits from OTCs (many products Coles and Woolies can sell too and cheaper eg vitamins). It is more like retail business rather than healthcare. Also discount pharmacies are driving hard bargains on scrip items as well as OTCs.

Keep those above factors in mind AND look at API's margin and debt, a small error or drop in sell API might be insolvent. Just IMO.