"patience is key" Indeed. Even without the other verticals the...

"patience is key"

Indeed. Even without the other verticals the LATAM expansion alone should see IME's Mcap easily double from here with Brazil weighing in as the world's 9th largest economy, of which over 10,500 radiologists are members of the CBR. That's 18 times the number currently using the Hiruko system thus far, not accounting for the additional territories.

Now factor an ageing global population straining healthcare systems to which the industry is under continued pressure to eliminate overheads and duplication of services which continue to negatively affect medical imaging budgets and IME is superbly placed to take advantage being 75% cheaper than their competitors.

According to Deloitte, global healthcare expenditure is expected to reach US$8.7 trillion by 2020 with the greatest expenditure coming from developing countries and expansion of services into said countries (Mexico looking to boost spending by % GDP).

Technology is increasingly penetrating every economic sector and healthcare is no exception. Its defenders are looking to "increasingly integrated healthcare solutions that connect every aspect of care" which is what the HIRUKO system does.

So as you said, tnicholl, patience is key. Those who flip for pips may make bank short term, but long term is where the real reward is found.

I suspect the selling pressure of late is mostly a few instos (and retail mugs) lightening their PF in wake of the global selloff.