I used to like this one. I used to own it. It started life as a...

I used to like this one. I used to own it. It started life as a success after listing. Everyone loved the idea, and then it turned into a disaster. It just didn't deliver.

Lots of reasons have been tossed about. I suspect the ophthalmologists are eating the heart out of the company. Keeping ophthalmologists is no easy feat. You have to pay them (in fees and stock) - alot!!!! That is where your profits will go. These guys know they can move on and make money elsewhere. That is no problem.

The only healthcare (community-based that is - not like HSP or RHC which are hospital operators: different story) to successfully achieve this has been Primary Health. But then, Edmund Bateman is a man of great business nouse and well regarded by the market. Do you have the same faith in the current CEO of VGH? - that is my question.

It will make money, now doubt about it. What are its growth prospects - less certain. This should trade on growth multiples, but no-body really believes it is a growth company, yet......