Q: Well Health shares have been lagging expectations lately ( at least mine. ) I'm holding a position and feel longer term will improve share price.
What I am wondering is if the shares at current pricing will be further pressured by tax loss sellers?
Thanks
John
What I am wondering is if the shares at current pricing will be further pressured by tax loss sellers?
Thanks
John
5i Research Answer:
With the stock down 60% from its highs, it certainly could see some tax loss pressure. But we continue to see it as attractive for longer term investors, especially at current depressed valuation levels (or lower if tax loss drives it lower). It has done a good job with acquisitions and continues to grow. It is becoming more profitable and we think is well-managed. The sector outlook should be good as the healthcare system digitizes. Valuation at 14X earnings is good.