Sounds like a good opportunity but I'm a bit skeptical for the company in the long run (i'm a pharmacist manager by the way):
1. Yearly Government cuts with the price disclosure forcing prices to be pushed down
2. Their new Chemist King model hasn't got the best marketing vs sales returns & GP%
3. Plus, we're sitting at the period similar to just before the financial crisis in 2008
Seems to be much more room for this price to move IMO.
To me, a safer buy is around anything less than 50cents depending on the ROI that you're looking for.
But overall, it's a tough industry
Then again, I'm not Warren Buffet
Buying support, page-63
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Last
$2.85 |
Change
-0.060(2.06%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.92 | $2.85 | $5.257M | 1.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 116213 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 85769 | 33 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
