VEI 0.00% $1.07 vision eye institute limited

Hi Axiomax , The drop was not unexpected. I think it is very...

  1. 703 Posts.
    Hi Axiomax ,
    The drop was not unexpected. I think it is very much on technical lines, drives the weak ones out and with the escrow release and share price drops , this may go lower.
    This imo is an opportunity. Technically it is in an uptrend , but indicators are overbought and need to work off that state. Look at fundamentals....book value 0.64 with ROE at 17, thats undervalued on any terms. Yes the debt is big, put if this performance continues , debt will soon not be an issue. Excellent FCF and EV/ EBITDA ratio .
    I'll be in line at lower levels.
 
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