Arent Chem.W'house fighting unfair employment issues atm ?...

First 136 Last

Share
Profile

Follow
Tinwins

6,823 Posts.

59

28/11/17

09:42

Post #: 29168108
Share

Originally posted by Gillysrooms ↑

The proposed Discount Warehouse model will be interesting ..... if the Pharmacy Guild is arguing that 1700 Pharmacies are at risk of closing down because of PBS changes then how can Chemist Warehouse be making enough money to be able to list on asx and presumably claim its got a good future? I can only assume that they will be copying the Priceline franchise model which might multiply their chances to expand faster than Priceline.

The history of Chemist Warehouse was interestingly given a free leg up by a Sigma executive who decided they could show higher sales and profits by extending credit terms out to 12 months and holding their stock in chemists instead of in their warehouses. Sigma nearly went broke when new management discovered the manipulation I allege and decided to abruptly reduce credit terms to 30 days. This saw a number of pharmacies go bankrupt because some owners decided to invest in horses and not the business. Now Sigma faces a possibility of losing the supply contract of the child it fostered into high places..it seems. Who else would supply CW?
imo it would be an adventurous person to be investing in any pharmacy shareholdings at this stage even though API does look good value. Will be interesting to read the Warehouse prospectus.

Expand

Arent Chem.W'house fighting unfair employment issues atm ? underpaying and over working staff + the odd 457 issue?

API Price at posting: $1.51 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 5 more messages in this thread...

First 136 Last

Add API (ASX) to my watchlist

Arent Chem.W'house fighting unfair employment issues atm ?...

Top Stories

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Scientific conference spotlights PYC's work on blindness disease treatment

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News