It could be jumping the gun to think "Woolies " being filled with Priceline's anytime soon ?
The report to Gov't has only recomendations in it , none of which seem hard nor fast
and there may /or may not be any action taken ,and if there were ,over how long a time frame ?
Their own wording is "Some ongoing regulation of pharmacy is justified" -- safety ,appropriate
information, equitable access to med's , regardless of wealth or location --etc..
To change the situation where only pharmacists can own stores is possible but the
business /prescriptions/products could become more costly if the pharmacist is working
for the "owner " , as more profit would be needed ? It mentions at the next round of Comm.
pharmacy agreement /July 15 gives "an opportunity for the Gov't to implement a further
targeted relaxation of location rules as part of a transition to their eventual removal " It then
says if changes made during the initial yrs of the new agreement prove too precipitate ,then
there should be a provision to ease the location rules in the life of the Next comm.phar. agreement!
So all seems rather wishy/washy to me . The share prices in the last few days of both Sip and Api
says it all ,even after Sip going ex -dividend , any changes don't appear to be happening too soon!
imho.
API Price at posting:
$1.82 Sentiment: Buy Disclosure: Held