Easy to comment when you've got no cash to buy nor holding, but for what it is worth; of all the VET sector debacles I've been watching, this organisation stands out as NOT having the characteristics of the other crash and burns we've been having.
No adverse regulatory activity that I can see.
Diversed government exposure across multiple states. No evidence of funding cancellations.
Seemingly low exposure to federal Vet Fee Help as percentage of income.
No rumblings in the sector around marketing or compliance activities.
I know nothing at all about their board/internal workings/markets they operate in, but would lay odds that their profit downgrades come from issues pertaining to the reputational damage caused to the industry by other players, working like a feedback loop.
There's only one other ASX public company of scale that I am aware of in this enviable position. I wont jinx their SP by naming them.
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