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$5.54 greencross limited

I'm holding this stock mainly on technicals. Short-term,...

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SteveOz

44 Posts.

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22/01/18

08:09

Post #: 30454516
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Originally posted by wintervet ↑

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.

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I'm holding this stock mainly on technicals. Short-term, Greencross looks to be going side-ways and down-ish. I will hold this stock because I think there's growth in the industry over the longer term.

GXL Price at posting: $6.38 Sentiment: Hold Disclosure: Held
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