I quote my previous post at the time Api was 29c and Sigma was...

I quote my previous post at the time Api was 29c and Sigma was 33c, now 62c.


"As someone who just switched wholesalers today (only $ 2 million sales per annum), I would not be surprised if this stock drops a lot more in the next few weeks.

http://archive.traveldaily.com.au/PD/2011/Apr11/pd080411.pdf

There could be quite a few more. I bought SIP two days ago"



The forced switching of customers by API seemed to have been the best thing that could have happened to SIP following the issues created by Pfizer.

During that time I have only had one contact by API in the introduction of a new rep. But I have also just received a letter that essentially said that if I do not support API fully, any returns except on API error would not be contemplated.

Surely, if you had previous business relations that were positive with 400 odd customers, you would try your best to give better service than your competitors. I know if a customer comes in who has been visiting the opposition, I try my best to encourage them to return. It can't be that hard. I certainly would not try to further alienate them.

I will be interested in API half yearly profit announcement to see what impact there has been.

As to whether the price as current is fair, I do not know. Dangers in the future are the reduction in margin as prices on pbs items are reduced early in the year. I doubt other companies will go direct, but margins will only get tighter in the future anyway.